Given this unique position, outsourced trading desks can often be underserved by current offerings, leading firms to take multiple systems to bridge gaps in workflow and capabilities. Trading technology vendor LiquidityBook is aiming to fill that gap with its LBX Outsourced Trader product.
“On the one hand they are technically broker-dealers so have the regulatory and reporting requirements that go part and parcel with that,” says Sean Sullivan, chief revenue officer at LiquidityBook. “But on
Pete talks about privacy and convenience—and where firms tend to get tripped up when walking this balance beam.Subscribe to Weekly Wrap emails