FactSet Strengthens Market Position with LiquidityBook Acquisition

FactSet Enhances Offerings with LiquidityBook Acquisition

FactSet, a leader in financial data and analytics, has taken a significant step forward by acquiring LiquidityBook for an impressive total of $246.5 million in cash. This move is expected to reshape the landscape of trading solutions, as FactSet integrates advanced order management systems (OMS) and investment book of record (IBOR) capabilities into its existing platform.

Streamlining Trading Operations

By bringing LiquidityBook into its fold, FactSet aims to provide seamless connectivity for hedge funds, asset management firms, and sell-side clients worldwide. LiquidityBook’s robust cloud-native trading solutions will play a crucial role in enhancing operational efficiencies within the financial industry.

Integration of Key Technologies

Both companies previously collaborated to integrate LiquidityBook’s flagship OMS into the FactSet Workstation. This synergy allowed for a streamlined experience in trade workflows, effectively connecting the essential steps from security research to trade execution. The acquisition is designed to build on this successful initiative, paving the way for a more cohesive front office solution.

Client-Centric Focus

Rob Robie, Executive Vice President at FactSet, emphasized the importance of this acquisition, stating, "This acquisition is further evidence of FactSet’s commitment to streamlining workflows across the entire portfolio life cycle to reduce our clients’ total cost of ownership." The goal is clear: enable clients to focus on making informed investment decisions without the friction of navigating through multiple platforms.

LiquidityBook’s Unique Position

Founded in 2005 and based in New York, LiquidityBook has established itself as a premier provider of modular trading solutions. With approximately 70 dedicated employees, the company has cultivated a responsive platform that adapts to the needs of its clients while ensuring compliance and operational efficiency.

Meeting Evolving Market Demands

LiquidityBook CEO Kevin Samuel noted the vision of the company, reflecting on their commitment to delivering a trading platform specifically designed for the complexities of multi-asset trading. “We look forward to continuing this mission as part of FactSet to meet the growing workflow needs of clients across the trade lifecycle without compromising functionality,” he said.

Collaborative Teams Driving Innovation

Shawn Samuel, CTO at LiquidityBook, expressed excitement regarding the merger, stating that the combination of both teams will allow for the provision of enhanced value and flexibility to clients. The successful synergy is expected to further solidify their market position as leaders in trading technology.

Financial Implications of the Acquisition

The acquisition, effective from February 7, 2025, was financed through borrowings from FactSet's credit facility. It is anticipated to have a modest impact on FactSet’s fiscal earnings per share for 2025. This move is more than just a financial transaction; it represents a strategic alignment aimed at maximizing client satisfaction through integrated services.

Expert Guidance Surrounding the Deal

FactSet’s strategic acquisition was supported by advisors including Citi as financial advisor and Cravath, Swaine & Moore as legal advisor. Likewise, LiquidityBook also worked with IA Global Capital and Curtis, Mallet-Prevost, Colt & Mosle to ensure that the transaction progressed smoothly.

About FactSet and LiquidityBook

FactSet is dedicated to advancing the capabilities of the financial community through innovative technology and insightful data solutions. As a member of the S&P 500, they serve over 8,200 clients globally with comprehensive financial analytics.

LiquidityBook stands as a trusted provider for trading solutions, offering a flexible and scalable platform that has been tailored to meet the rigorous demands of the market. The company is known for its client-centric approach, which includes ongoing updates to its platform based on customer feedback.

For inquiries, interested parties can reach out to FactSet’s Investor Relations at investor_relations@factset.com or Media Relations via Megan Kovach at +1.512.736.2795.

Frequently Asked Questions

What are the benefits of FactSet's acquisition of LiquidityBook?

The acquisition enhances FactSet's technological capabilities, offering improved order management and integration across trading workflows.

How will this acquisition affect FactSet's clients?

Clients will benefit from a more streamlined experience, allowing for easier access to trading solutions and analytics through a consolidated platform.

What is the strategic goal behind this acquisition?

The primary goal is to reduce costs and improve operational efficiency across the portfolio lifecycle for clients in the financial sector.

When did the acquisition officially close?

The acquisition was finalized on February 7, 2025, marking a pivotal moment for both companies.

Where can more information about FactSet and LiquidityBook be found?

Comprehensive information is available on FactSet's and LiquidityBook's respective websites, providing insights into their services and support.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

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