Liquid Holdings Strengthens Its Purpose Built Cloud-Based Hedge Fund Platform With the Release of Version 3.5
OEMS With Integrated Real-Time Risk & Reporting Addresses the Needs of Growing List of Hedge Fund Clients
NEW YORK, Sept. 19, 2013 (GLOBE NEWSWIRE) -- Liquid Holdings Group, Inc., "Liquid" (Nasdaq:LIQD), a provider of an integrated, next generation trade order and execution management, real-time risk and reporting solution for the hedge fund community, today announced the release of version 3.5 of the Liquid platform, delivering the continued benefits of its cloud architecture through rapid development and delivery of significant enhancements to its clients.
"We purpose-built the Liquid platform for hedge funds. Our commitment to cloud computing since our inception allows us to quickly meet our clients' business requirements, while reducing their costs, burdens and risks. Leveraging the cloud to provide hedge fund managers with institutional quality trading, risk management, reporting, shadow accounting and managed services in a single platform is a game changer," said Liquid CEO Brian Storms.
Version 3.5 included functional upgrades, primarily across its low latent OEMS, which combines the extensive functionality of a high scale Order Management System with the speed, trading tools, workflow and intuitive design of an Execution Management System. Highlights included:
Continued Expansion of Destination and Broker Neutral Order Routing
Post Trade Allocation Engine
Strategy Tagging by Order / Execution / Position for Reporting
Order Router and Pre-Trade Compliance Engine Optimizations
"These enhancements demonstrate our commitment to continually expand our capabilities to accommodate the needs of our growing list of hedge fund and active trading market clients," Storms added. "This release continues to set the stage for even greater functional enhancements across the platform as we simultaneously expand our scale and simplify our activation process, which enables us to get clients live and trading in a matter of days. Everything we do is focused on creating the most robust and complete environment to help our clients thrive."
Liquid serves a growing number of hedge fund clients with a comprehensive platform that address the front, middle and back office. By partnering with Liquid, emerging hedge funds are able to implement a single solution quickly and cost effectively without the typical implementation and vendor drag associated with software purchases. Existing hedge funds and active traders are able to replace multiple legacy software systems and realize cost savings and operational efficiencies due to Liquid's SaaS delivery model and outsourced managed services such as disaster recovery, corporate actions and security master maintenance.
About Liquid Holdings Group
Liquid Holdings Group, Inc. is a cloud based technology and managed services provider to the global hedge fund and active trading markets. Liquid's solutions are delivered efficiently and securely through the cloud in a SaaS model. The Liquid platform was purpose built to manage the entire trade lifecycle by seamlessly integrating trade order management and execution with real-time risk, portfolio management and shadow account reporting through a single solution. The Company offers the Liquid platform or any of its components on a subscription basis to hedge fund managers, asset managers, family offices and financial institutions worldwide.
Headquartered in New York City with offices in London and Aventura, Florida, Liquid Holdings Group was formed in 2012. For more information, please visit www.liquidholdings.com.
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Source: Liquid Holdings Group, Inc.