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United States : ABACUS GROUP inks strategic partnership with LiquidityBook.

LiquidityBook has entered into a strategic partnership deal with Abacus Group to host its complete buy-side solution, LBX, in the AbacusFLEX private cloud environment.

The partnership is aimed providing AbacusFLEX clients to access LBX, which combines order management, portfolio management, trading, network connectivity, compliance, and post-trade processing in one product.

LBX manages orders across asset classes and currencies as well as multiple prime brokers and is accessible 24/7.

Rick Goldenberg, Managing Partner at LiquidityBook said, 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. 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.

The single, hosted LBX platform provides global FIX and non-FIX connectivity directly to brokers. It also includes a regulatory compliance module, offering Value-At-Risk (VAR) calculations, stress testing, reporting and alerting capabilities, along with shadow books and records.

Art Murphy, Director of Client Development, Abacus Group said, Today's financial environment is more and more difficult for hedge funds to stay afloat due to the high level of regulatory compliance and government oversight. Partnering with LiquidityBook gives us the opportunity to provide our customers with a robust solution that not only enhances trading and operational workflow, but also offers robust compliance and stress testing capabilities.

Abacus Group is the provider of hosted IT solutions for hedge funds and private equity funds.

LiquidityBook is the provider of customized solutions for securities firms and market participants.

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Publication:Mena Report
Date:Apr 1, 2014
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