FactSet-LiquidityBook: The buy-side OMS space continues to shrink
Waters Wrap: Anthony spoke with buy-side firms and industry experts to get a feel for how the market is reacting to this latest tie-up.
In 2005, a new company called LiquidityBook was founded in New York—hardly a rare occurrence. But what made this particular start-up stand out was its Instant Message to FIX trading tool. While it might seem quaint today, the product allowed traders to send an order to their broker via AOL Instant Messenger. While AIM is no longer with us, at the turn of the century it was beloved by college kids and traders alike. And having software that could automatically ingest an AIM message, convert it to
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