Hedge fund Tremblant Capital has selected Liquidity Book’s SaaS-based LBX Buy Side as its full POEMS (portfolio, order and execution management system), with the integrated LBX Connect as its FIX routing network.
LBX Buy Side replaced an existing system which was implemented 16 years ago near Tremblant’s inception.
LiquidityBook’s platform provides a full range of order, execution and portfolio management capabilities, including real-time performance, full historical P&L, risk management, compliance and reporting. With the implementation now complete, Tremblant is using LBX Buy Side to support its entire multi-asset trading workflow, which includes equities, options, FX and swaps. In addition, LiquidityBook’s proprietary FIX network allows Tremblant to access each of its 75+ brokers while significantly reducing third-party connectivity costs.
Jim Eckert (pictured), Tremblant’s Chief Operating Officer, says LiquidityBook provides his firm several significant advantages.
“Since our inception in 2001 our firm’s complexity continues to accelerate, especially as the breadth of products we offer to our clients has increased,” he says. “We conducted an intense search for a replacement POEMS, and after 18 months of analysing multiple systems our team concluded Liquidity Book was the right solution. We needed an intelligent trading, intra-day reporting and compliance system but importantly we needed a platform that was flexible and will continue grow with us. We were very impressed with the attention to detail, sophistication and overall level of service the LiquidityBook team provided during our tight implementation window. We have been live for a few months now and the additional LiquidityBook functionality has been a great enhancement to our business.”
Sean Sullivan, Chief Revenue Officer at LiquidityBook, says: “We are thrilled to add Tremblant Capital to our growing roster of clients. In just four months, we worked with them to deploy a full POEMS replacement, developed a customised workflow that simplified their allocation methodology while offering them considerable cost savings.”
“Over the last year, the lion’s share of our new business has come from legacy system replacements. More and more managers are deciding that the case for a fully multi-tenant, SaaS-based system is too strong to ignore.”
