LiquidityBook, a provider of FIX and OMS trading solutions for both the buy and sell-side, has added industry veteran Sumit Kumar to its business team in the firm’s London office.
Kumar is assuming the role of Senior FIX Specialist, tasked with improving clients experience with LiquidityBook. His responsibilities cover a wide range of business areas, from onboarding to day-to-day connectivity, as well as collaborating with both internal developers and external clients.
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Kumar lands at LiquidityBook after more than six years working with data vendor Refinitiv in various roles. He joined Refinitiv through Redi acquisition, and during his tenure he managed global FIX Onboarding teams of REDI, Autex, FXall and RTN.
Prior to that, he served with Goldman Sachs from 2010 to 2014, having originally joined the investment bank as an analyst in the equities technology division. He then rose up to VP, heading the offshore Global FIX Client Onboarding team in Bangalore.
LiquidityBook’s LBX is an OMS/PMS/FIX order routing platform which is offered as SaaS-based product, and delivered via AWS’s cloud architecture. As such, it caters to the users’ varying demands, including hosting, remote connectivity, back up of firm trading, and position data.
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LiquidityBook’s technology, which can be integrated into existing trading systems, provides the buy- and sell-side with the ability to enhance their client relationships and participation in the global markets, creating new revenue streams and reducing costs. The list of its services covers the full trade lifecycle, including order management, portfolio management, execution management, FIX network connectivity, compliance, and pre- and post-trade processing.
LiquidityBook has been actively recruiting talents for its business development units as the client base continues to grow. In 2020, the firm added 30 new broker-dealer partners to LBX Connect, its proprietary managed global FIX network.
Commenting on Mr. Kumar’s hire, LiquidityBook CRO Sean Sullivan said: “Sumit is one of the most knowledgeable professionals in the FIX space, bringing vast project management experience and success at every stop on his resume. We are thrilled to have him on the team and know he will enable us to continue providing the level of service clients have come to expect from LiquidityBook as we further scale the business and develop new offerings.”
Mr. Kumar added: “With a robust sales pipeline and a proprietary managed FIX network, as well as white-glove client service, LiquidityBook offers a unique environment in which to do so. Ultimately, a firm’s solutions are only as good as clients’ ability to access them, and I look forward to helping clients start leveraging the LBX suite with ease and efficiency.”
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