Forefront Communications

Hedge Fund ALERT: Tech Vendor Adds to Client Roster


Amanda Perrucci

Amanda Perrucci

LiquidityBook has lined up two more hedge fund operators as users of its trading-management technology.

The New York firm declined to identify its new clients, one of which it described as $3.2 billion quantitative manager. The other is a $100 million startup that invests in equities worldwide.

The additions would continue a growth streak during which LiquidityBook has increased its roster of hedge fund customers to 55 from 45 since May 2017. Most recently, the vendor announced that it had signed up equity manager Tremblant Capital as a client.

The firm has about 130 clients overall, including investment banks and other sell-side operations.

The growth reflects a number of factors, including an expansion of LiquidityBook’s product line. The firm also has benefited from dissatisfaction among fund managers who have had to switch order-management services due to takeovers among vendors.

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