Abacus Group, a New York-based hosting service for hedge funds and private equity funds, will host LiquidityBook’s buy-side solution, LBX, in the AbacusFLEX private cloud environment.
The partnership will offer AbacusFLEX clients access to LBX, which brings together order management, portfolio management, trading, network connectivity, compliance, and post-trade processing in one product. LBX handles orders across asset classes and currencies as well as multiple prime brokers. It contains a regulatory compliance module, offering Value-At-Risk (VAR) calculations, stress testing, reporting and alerting capabilities, along with shadow books and records.
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Abacus to Host LiquidityBook's Buy-Side Solution