Abacus to Host LiquidityBook's Buy-Side Solution
The partnership will offer AbacusFLEX clients access to LBX, which brings together order management, portfolio management, trading, network connectivity, compliance, and post-trade processing in one product. LBX handles orders across asset classes and currencies as well as multiple prime brokers. It contains a regulatory compliance module, offering Value-At-Risk (VAR) calculations, stress testing, reporting and alerting capabilities, along with shadow books and records.
"The buy-side, and hedge funds in particular are seeking solutions in today's market structure that will provide them with the most efficient overall workflow," says Rick Goldenberg, managing partner at LiquidityBook. "Abacus Group allows us to provide our full buy-side platform to our clients in a secure, private cloud environment, one that is highly regarded throughout the hedge fund sector."
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