NEW YORK, Sept. 2, 2014 (GLOBE NEWSWIRE) -- Liquid Holdings Group, Inc. (Nasdaq:LIQD), a provider of a single cloud-based platform that integrates real-time order, execution, and risk management with reporting and shadow NAV for the financial services community, today announced The Mada Group, LLC has selected the Liquid platform to manage its investment processes and middle-office operations. The Mada Group is a commodity trading advisor (CTA) that launched in 2014 and seeks to generate significant returns in the commodity futures space by deploying proprietary, quantitative and electronic investment strategies in the energy, agriculture and metals sectors.
"The team we put together collectively has more than 30 years of quantitative trading experience and has run highly successful investment teams at well-known firms including Millennium Partners," says Adam Hoffman, founder of The Mada Group. "With the launch of this business, I recognized the need for institutional infrastructure and outsourced operations which allow my team to focus squarely on delivering outsized risk-adjusted returns to our investors. Selecting Liquid assures that we will quickly be live on a scalable platform that delivers the breadth of real-time front-office capabilities we require today and will require as we continue to grow into a larger, more mature business. In addition, the operations team at Liquid will manage our middle-office, ensuring our portfolio(s) are accurately priced for the start of each trading day."
The Mada Group licensed the Liquid platform to manage the firm's investment workflow which includes automating the allocation of positions to separately managed accounts (SMAs) in a compliant manner; stress testing the portfolio for changes in interest rates; and monitoring risks at both the portfolio and commodity level in real-time. The Mada Group will also rely on Liquid to satisfy investor reporting requirements, serve as the firm's data custodian, and facilitate multi-broker reconciliations on a daily basis. As part of Mada Group's workflow, Liquid will work closely with the firm's existing execution management system (EMS) to ensure straight through processing of all trading activity into the platform.
"We love working with launches such as The Mada Group, who have the pedigree and track record to build an attractive business," says Robert O'Boyle, EVP of Sales and Marketing at Liquid. "Our selection by and partnership with Adam and his team were driven by our ability to help simplify their success by delivering managed services and the front-office controls required to manage complex strategies across multiple fund structures in real-time, all-the-time, and everywhere – without the costs and operational challenges of legacy installed software."
About Liquid Holdings Group
Liquid Holdings Group, Inc. (Nasdaq:LIQD) is a cloud-based technology and managed services provider to the global hedge fund and active trading markets. Liquid's solutions are delivered efficiently and securely through the cloud in a SaaS model. The Liquid platform was purpose built to manage the entire trade lifecycle by seamlessly integrating multi-currency, multi-asset trade order management and execution with real-time risk, portfolio management and shadow account reporting through a single solution. The Company offers the Liquid platform or any of its components on a subscription basis to hedge fund managers, asset managers, family offices and financial institutions worldwide. Liquid was recently named 2014 Best Global Risk Management Software Company and Best USA Global Risk Management Software Company by the readers of Hedgeweek, as well as 2014 Best Cloud Provider and Best Fin Tech Operations Startup by FTF News.
Headquartered in New York City, Liquid Holdings Group was formed in 2012. For more information, please visit www.liquidholdings.com.
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Source: Liquid Holdings Group, Inc.