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In this shared commentary, Aplomb Strategies writes that when considering a firm’s governance structure, a holistic approach makes the most sense.

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January 2, 2014

Liquid OEMS Is Broker-Neutral

By

John D'Antona Jr.

Liquid Holdings is now offering its hedge fund clients a broker-neutral single order and execution management system to help them streamline their work flow.

The independent firm has also added sub-millisecond real-time pre-trade compliance controls, portfolio management and managed services, such as broker reconciliation, enhancing its existing OEMS system.

The OEMS was originally built by prop trading firm ECHOTrade in 2006. After an IPO in July, Liquid was able to go back into the system and upgrade it.

The firm is now marketing this re-engineered trading platform as a broker-neutral solution. Under Echo Trade, the OEMS was used only by a few firms that did business with Echo.

The system is also now available through the cloud.

"The OEMS was built originally for one client-now it's for the masses," said Branden Jones, global head of marketing at Liquid. "New features such as the real-time risk reporting can help stop a trade before it goes out for execution." Liquid has 48 clients.

 

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