LiquidityBook, a Software-as-a-Service (SaaS)-based provider of buy- and sell-side trading solutions, has opened a new office at 138 Holborn in Waterhouse Square, London.
The firm, which has secured eight new fund manager clients in London since July, will use the new office to support its continued expansion in the region as demand for its POEMS (portfolio, order and execution management system) platform surges ahead of MiFID II’s January implementation deadline.
The new office is led by EMEA Client Services Manager Nicholas Thompson (pictured), who joined the firm from Eze Software in June. Thompson and the London-based LiquidityBook team, which the firm continues to expand, provide local service and support to its rapidly growing client base in Europe.
The LiquidityBook platform LBX is a fully SaaS-based product, delivered 100% via the cloud leveraging AWS’s global footprint and architecture, which is the most reliable and secure in the industry. That means there is no need to pay for servers, hosting, BCP, back-up data or mobile/remote connectivity, which also eliminates fees paid to third-party hosting providers. The platform provides full redundancy and accessibility anywhere in the world; users simply need a browser and connectivity to trade.
Chief Revenue Officer Sean Sullivan, says: “MiFID II obviously represents a generational change for the European securities industry, and has proved to be a significant tailwind for our business in the region. But with the numerous benefits our SaaS-based system provides to fund managers in terms of cost, ease of management and reliability, we think the growth we’ve seen in 2017 is indicative of where the overall industry is headed as more and more managers adopt this model. We’re very excited to expand our footprint in the region and continue the momentum we’ve seen over the last few years.”
