10.31.2018
By Rob Daly

Tremblant Adopts LiquidityBook POEMS

Breaking up is hard to do, but after 16 years of using a legacy order management system asset manager Tremblant Capital deployed LiquidityBook’s LBX buy-side portfolio, order, and execution management platform as well as connecting to the vendor’s LBX Connect FIX routing network earlier this year.

“We conducted an intense search for a replacement OMS, spending about 18 months analyzing multiple systems,” Jim Eckert, partner, co-president, COO & CCO at Tremblant, told Markets Media.

During the review process, the firm evaluated multiple platforms that offered intelligent trading and intra-day reporting as well as compliance capabilities for equities, options, FX, and swaps. It also wanted a platform that could support new products as the Tremblant continues to expand its product offerings to its clients.

Jim Eckert,
Tremblant Capital

“We looked at many solutions, but in the end felt that LiquidityBook met our current and anticipated future needs the best,” said Eckert. “Also, many of the best-of-breed systems have long development times or inflexible systems which make those systems harder to adapt to change.”

It took the asset manager approximately four months to deploy its new POEMS with the aid of LiquidityBook.

“We worked with them to deploy a full POEMS replacement, developed a customized workflow that simplified their allocation methodology while offering them considerable cost savings,” said Sean Sullivan, chief revenue officer at LiquidityBook, in a prepared statement.

“We were very impressed with the attention to detail, sophistication and overall level of service the LiquidityBook team provided during our tight implementation window,” added Eckert. “We have been live for a few months now, and the additional LiquidityBook functionality has been a great enhancement to our business,” he said.

Tremblant has seen significant savings not only for itself but for its more than 75 brokers, all of who are connected via LiquidityBook’s FIX network, he added

“The LiquidityBook platform significantly reduces the costs our brokers incur, which is important given the overall commission wallet compression brokers face,” said Eckert.

Related articles

  1. ESG Matters in Fixed Income

    Poorly governed companies have tended to outperform well-governed peers in the past year.

  2. Latest News

    The Future Is Bionic

    Technology will not replace people say active managers.

  3. Experimentation will play a critical role in the process.

  4. Asset managers face higher costs and lower margins.

  5. Technology of the front office and the middle office is converging.