LiquidityBook
LiquidityBook is a New York-based provider of LBX, a cloud-native, multi-tenant Portfolio, Order and Execution Management System (POEMS) serving 200+ buy-side and sell-side trading firms across hedge funds, asset managers, broker-dealers, outsourced trading providers, and RIAs, supported by a proprietary managed FIX network spanning 1,600+ routing destinations worldwide.
- Company typePrivate
- Founded2005
- HeadquartersNew York, United States
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
LiquidityBook firmographics
Firmographics- Name
- LiquidityBook
- Legal name
- LiquidityBook LLC
- Website
- https://liquiditybook.com
- Company type
- Private
- Founded year
- 2005
- Operating status
- Acquired
- Headcount range
- 51–100 employees
- Short description
- LiquidityBook is a New York-based provider of LBX, a cloud-native, multi-tenant Portfolio, Order and Execution Management System (POEMS) serving 200+ buy-side and sell-side trading firms across hedge funds, asset managers, broker-dealers, outsourced trading providers, and RIAs, supported by a proprietary managed FIX network spanning 1,600+ routing destinations worldwide.
- Ownership category
- akta.pro rank
LiquidityBook industry classification
Industry- Product category
- Trading Technology / Order Management Systems
- NAICS
- Software Publishers (5132), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)
- SIC
- Services-Prepackaged Software (7372), Services-Computer Integrated Systems Design (7373)
- akta.pro primary industry
- Multi-Asset Liquidity Aggregators & Matching Engines (FSAFAEAI)
- akta.pro secondary industry
- Liquidity Infrastructure (RFQ, order-book engines, matching, liquidity-as-a-service) (FSAPADAI)
Keywords
Where LiquidityBook is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
LiquidityBook business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- SaaS Platform Subscription: Core revenue is generated through annual SaaS subscription licensing of the POEMS (Portfolio, Order, and Execution Management System) platform. Subscriptions are typically multi-year, tiered by firm size and functionality, and include platform access, support, and maintenance.
- Support and Professional Services: Additional revenue is derived from implementation, onboarding, and ongoing technical support services bundled with platform subscriptions or sold as standalone professional services engagements.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise SaaS Subscription - tailored per firm |
| Unit Pricing | Pay-as-you-go | FIX Network Connectivity - $500 per broker per connection |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels6 records
LiquidityBook product offering
Product offeringCore offering
LiquidityBook provides the LBX Suite, a cloud-native, multi-tenant SaaS Portfolio, Order and Execution Management System (POEMS) for buy-side and sell-side trading desks. The platform covers equities, options, futures, fixed income, FX, swaps and derivatives on a single codebase, and is paired with a proprietary managed FIX network providing connectivity to over 1,600 routing destinations across 80+ countries. It serves hedge funds, asset managers, broker-dealers, outsourced trading providers, and registered investment advisors with modules including LBX PMS, LBX Buy-Side, LBX Sell-Side, LBX Outsourced Trader, LBX Connect, and LBX RIA.
Product overview
LiquidityBook offers LBX, a modular, cloud-native, API-based Portfolio, Order and Execution Management System (POEMS) suite for hedge funds, asset managers, sell-side firms, outsourced trading providers, and RIAs. The LBX Suite consists of multiple integrated products: LBX Buy-Side (full POEMS/OEMS for buy-side firms), LBX Sell-Side (order management, execution management, and compliance for broker-dealers), LBX PMS (portfolio management and accounting with enhanced reconciliation capabilities via LBX PMS 2.0), LBX Outsourced Trader (OEMS for outsourced trading desks), LBX Connect (proprietary managed FIX network with 1,600+ routing destinations), LBX RIA (POEMS for registered investment advisors), LBX Portal (white-labeled solution for outsourced trading partnerships), LBX Post-Trade Hub (middle office operations for sell-side), and LBX Risk Gateway (sell-side pre-trade risk management). All products share a single code base, feature daily client-driven enhancements, and support multi-asset coverage including equities, options, futures, fixed income, FX, swaps, and derivatives.
Differentiator
Problem solved
Functional benefit
Brands
- LBX Buy-Side: Portfolio, Order and Execution Management System (POEMS) for hedge funds, asset managers and buy-side firms, providing OEMS and full POEMS functionality with multi-asset coverage
- LBX Sell-Side
- LBX Outsourced Trader
- LBX Connect
- LBX RIA
- LBX PMS
Products and services
- LBX PMS Portfolio Management and Accounting System providing robust accounting, reconciliation and financing workflows alongside core portfolio management functionality. Part of the modular, cloud- and API-based POEMS suite with out-of-the-box FIX connectivity, designed for both buy- and sell-side clients.
- LBX Buy-Side Portfolio, Order and Execution Management System (POEMS) for hedge funds, global asset managers and buy-side firms. Available as a full POEMS or focused on OEMS functionality, with multi-asset coverage including equities, swaps, options, futures, fixed income, FX, interest rate derivatives, credit derivatives and mortgages.
- LBX Sell-Side Cloud-based POEMS, reconciliation platform and compliance hub for broker-dealers offering order management, execution management, flexible reconciliations, compliance reporting tools and post-trade processing. Enables broker-dealers to mix and match components for tailored deployments.
- LBX Outsourced Trader Outsourced trading OEMS and FIX connectivity hub designed for outsourced trading desks operating between buy-side and sell-side. Provides FIX normalization, post-trade allocation, reconciliation, clearing, commission management and multi-asset coverage.
- LBX Connect Proprietary managed FIX network and gateway enabling streamlined order routing, broker connectivity and access to over 1,600 routing destinations across more than 80 countries. Available fully integrated with LBX implementations or as a standalone FIX normalization solution.
- LBX RIA Fully cloud-based POEMS and model management solution designed for Registered Investment Advisors (RIAs), providing model-based trading, automated portfolio rebalancing, custodian integration and workflow optimization for scaling advisory businesses.
- LBX Portal White-labeled partnership model for outsourced trading desks, built on multitenant architecture enabling streamlined interaction with client trading platforms via single login. Enables partners to offer a co-branded trading experience to their clients.
- LBX Post-Trade Hub Suite of modular, cloud-native solutions for sell-side middle office operations. Receives trades from disparate OMS platforms, shapes them for multiple clearing brokers, interfaces with CTM and third-party FIX networks, and serves as firm-wide reporting for trading and allocation activity.
- LBX Risk Gateway Sell-side-focused compliance engine providing pre-trade risk checks for away trades. Aggregates order flow from multiple third-party OMS/EMS systems and across multiple clients, with support for custom rules by client.
Quantifiable outcome
- 18 consecutive years of double-digit growth
- +1 more outcomes
Companies that use LiquidityBook
Customer profileNamed customers5 records
Segments5 records
Ideal customer profiles5 records
LiquidityBook technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
Feature4 records
LiquidityBook partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and supporting.
- Blue Ocean ATScoreBlue Ocean ATS is a registered alternative trading system (ATS) operator. LiquidityBook's partnership with Blue Ocean ATS provides buy-side clients with seamless connectivity to Blue Ocean's 24-hour equity trading capabilities, enabling LiquidityBook users to access extended-hours liquidity directly through the platform's order routing infrastructure.
- CAPIS (Capital Institutional Services)coreCAPIS is a provider of institutional brokerage and execution services. LiquidityBook's partnership with CAPIS enables buy-side firms to access CAPIS's overnight trading services and extended-hours execution capabilities through the platform's FIX network, streamlining overnight trading workflows for clients.
- OptimX MarketscoreOptimX Markets is a boutique broker-dealer and liquidity provider. LiquidityBook's strategic partnership with OptimX Markets integrates OptimX's liquidity aggregation and execution capabilities directly into the LiquidityBook platform, providing clients with enhanced access to multi-venue liquidity and improved execution quality.
- BondCliQcoreBondCliQ is a financial technology company providing real-time corporate bond pricing and market data. The integration with BondCliQ enriches LiquidityBook's fixed-income trading workflows by delivering live, executable corporate bond quotes and market depth data within the platform, enabling traders to make more informed execution decisions.
- Spacetime.iosupportingSpacetime.io is a trading analytics technology provider. The partnership delivers Spacetime.io's advanced pre-trade, intraday, and post-trade analytics capabilities to LiquidityBook's client base, enabling traders and portfolio managers to gain deeper insights into execution performance and optimize trading strategies.
- FIX Connectivity Partners (Various)coreLiquidityBook maintains a broad network of FIX connectivity partnerships with multiple prime brokers, custodians, and execution venues. These partnerships enable standardized, low-latency order routing and confirmations across the LiquidityBook network, supporting seamless electronic trading workflows for both buy-side and sell-side clients.
Scale indicators3 records
Recent moves7 records
Expansion highlights6 records
LiquidityBook competitors and assessment
Company assessmentDirect peers
- Bloomberg EMSX: Bloomberg's Execution Management System (EMSX) is the dominant OMS/EMS used by buy-side trading desks globally. It is the most direct competitor to LiquidityBook's LBX Buy-Side, serving the same hedge fund and asset manager customers with similar multi-asset order and execution workflows.
- SS&C Eze (Eze OMS): SS&C's Eze OMS is a long-standing buy-side and outsourced trading OMS competitor. Both target hedge funds, asset managers, and outsourced trading desks with multi-asset order and execution management, and both compete heavily in the mid-market segment that LiquidityBook serves.
- Charles River Development (State Street): Charles River is a flagship front-to-back investment management platform owned by State Street. It directly competes with LiquidityBook's POEMS suite across order management, execution, and portfolio management for asset managers and large hedge funds.
- Enfusion: Enfusion is a cloud-native, multi-asset investment management platform serving hedge funds and asset managers. It is one of LiquidityBook's closest competitors in the mid-market POEMS segment and shares the same SaaS, API-first go-to-market DNA; notably, LiquidityBook's President Jason Morris previously led Enfusion.
- FlexTrade Systems: FlexTrade provides multi-asset execution management systems and order management for buy-side and sell-side firms. It is a direct OMS/EMS competitor to LiquidityBook, with comparable FIX connectivity, multi-asset coverage, and enterprise trading desk customers.
- SimCorp: SimCorp provides an integrated investment management platform (front-to-back) used by asset managers, insurance companies, and pension funds. It competes with LiquidityBook's PMS and buy-side POEMS offerings, particularly for larger institutional buy-side clients seeking a unified platform.
Broad incumbents
- Broadridge Financial Solutions: Broadridge acquired Itiviti to offer trading and connectivity solutions for sell-side and buy-side firms, competing with LiquidityBook's LBX Sell-Side and LBX Connect products. As a much larger financial technology incumbent, Broadridge bundles OMS/EMS with post-trade, proxy, and communications services.
- ION Group (Fidessa): ION owns Fidessa, a major sell-side order management and connectivity platform. It competes with LiquidityBook's sell-side OMS and FIX connectivity products, and as a large strategic acquirer, ION represents a more bundled alternative for trading desks.
- FIS (FIS Front Arena / Integrity): FIS provides capital markets software including trading, risk, and post-trade platforms. It competes with LiquidityBook in the sell-side OMS and cross-asset trading space as part of a much broader banking and capital markets software portfolio.
Others
- Tradeweb: Tradeweb is a leading electronic trading venue operator in fixed income, derivatives, and ETFs. It is adjacent to LiquidityBook rather than a direct competitor - LiquidityBook's LBX Connect FIX network routes order flow to venues like Tradeweb, and the BondCliQ integration enriches fixed-income workflows in partnership rather than competition.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
LiquidityBook social profiles
Digital presenceLiquidityBook compliance and trust
Trust signalCompliance2 records
LiquidityBook financial estimates
Financial estimateRevenue estimate
Valuation estimate
LiquidityBook leadership team
Management profileNumber of profiles
Profiles10 records
LiquidityBook subsidiaries and ownership
Company hierarchySubsidiaries1 record
LiquidityBook funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
LiquidityBook M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about LiquidityBook
What does LiquidityBook do?
LiquidityBook provides the LBX Suite, a cloud-native, multi-tenant SaaS Portfolio, Order and Execution Management System (POEMS) for buy-side and sell-side trading desks. The platform covers equities, options, futures, fixed income, FX, swaps and derivatives on a single codebase, and is paired with a proprietary managed FIX network providing connectivity to over 1,600 routing destinations across 80+ countries. It serves hedge funds, asset managers, broker-dealers, outsourced trading providers, and registered investment advisors with modules including LBX PMS, LBX Buy-Side, LBX Sell-Side, LBX Outsourced Trader, LBX Connect, and LBX RIA.
Is LiquidityBook a public or private company?
LiquidityBook is a private company. It is classified as corporate owned and is currently acquired.
When was LiquidityBook founded?
LiquidityBook was founded in 2005. It employs 51 to 100 people.
Where is LiquidityBook based?
LiquidityBook is headquartered in New York, United States, in the North America region.
How does LiquidityBook make money?
Two revenue lines are on record. SaaS Platform Subscription is the primary driver. The others are support and Professional Services.
Who are LiquidityBook's main competitors?
Direct peers on record are Bloomberg EMSX, SS&C Eze (Eze OMS), Charles River Development (State Street), Enfusion, FlexTrade Systems and SimCorp. Broad incumbents are Broadridge Financial Solutions, ION Group (Fidessa) and FIS (FIS Front Arena / Integrity). Tradeweb is listed as an others.
Does LiquidityBook have an API?
Yes. RESTful APIs serve as a fully customizable protocol for building and connecting with the modular platform at the precise level of granularity required. The APIs enable seamless integration of functions across the front and middle offices, from synchronizing security master and account data to accessing fine-tuned trading capabilities. Clients can eliminate redundancy, cost and correctness errors that stem from managing multiple independent silos, manage the platform in their own internal system, and integrate with proprietary or third-party systems at the precise levels required. Built on scalable AWS servers that can handle any workflow bandwidth. Significant API upgrades were made in 2022 in response to increased demand for API-centric workflows. Developer documentation is at liquiditybook.com/the-integration-imperative-how-liquiditybook-apis-unlock-unprecedented-flexibility.
What industry is LiquidityBook in?
LiquidityBook's product category is Trading Technology / Order Management Systems. Its primary akta.pro industry code is FSAFAEAI, Multi-Asset Liquidity Aggregators & Matching Engines, with a secondary code of FSAPADAI, Liquidity Infrastructure (RFQ, order-book engines, matching, liquidity-as-a-service). Its NAICS code is 5132 and its SIC code is 7372.