NEW
YORK, June 13, 2024 /PRNewswire/ -- Further
building on its GenAI leadership in the fixed income market, LTX,
an AI-powered corporate bond trading platform backed by global
Fintech leader Broadridge Financial Solutions Inc. (NYSE:BR),
today announced GenAI-powered List Trading functionality. The new
feature allows users to leverage GPT technology to generate and
execute multi-asset class, multi-directional trade lists seamlessly
via RFQ+.
"In response to clients' positive engagement with our
GenAI-powered app BondGPT and their request for similarly
innovative trading capabilities, we developed GenAI-powered List
Trading," said Jim Kwiatkowski, CEO
of LTX. "This new functionality builds on LTX's foundation
leveraging powerful AI and advanced trading protocols like RFQ+ and
RFX to improve efficiency, increase time savings and offer greater
flexibility in trading strategies."
This new capability addresses the ongoing need to streamline
workflows, as clients consistently seek to integrate GenAI into
their pre-trade and trade execution processes.
The introduction of this functionality coincides with the
one-year anniversary of LTX's GenAI application, BondGPT. Within
the LTX platform, traders can use BondGPT to generate lists of
bonds based on their specific criteria easily and quickly, then
seamlessly construct and execute their list of trades. Traders can
define rules for auto-execution, allowing greater workflow
efficiency. BondGPT+ users can further enhance their portfolio
management processes by using GenAI on their inventory and
positions to inform portfolio construction decisions.
To date, more than more than 90 leading asset managers and more
than 35 dealers have joined the LTX platform, representing a
significant liquidity pool. LTX has attracted many of the world's
leading asset managers and dealers, with over $39 billion in the Liquidity Cloud in
May 2024.
For more information about LTX, please visit
www.ltxtrading.com.
About LTX
LTX is an electronic trading platform that enables corporate
bond market participants to trade smarter, combining powerful,
patented artificial intelligence with innovative e-trading
protocols to improve liquidity, efficiency, and execution. The
Liquidity Cloud is the LTX network of anonymous real-time buy- and
sell-side indications of interest which include CUSIP, direction,
price, and size. LTX is a division of Broadridge Business Process
Outsourcing LLC, the broker-dealer subsidiary of Broadridge
Financial Solutions.
About Broadridge
Broadridge Financial Solutions (NYSE: BR), a global Fintech
leader with more than $6 billion in
revenues, provides the critical infrastructure that powers
investing, corporate governance and communications to enable better
financial lives. We deliver technology-driven solutions that drive
business transformation for banks, broker-dealers, asset and wealth
managers and public companies. Broadridge's infrastructure serves
as a global communications hub enabling corporate governance by
linking thousands of public companies and mutual funds to tens of
millions of individual and institutional investors around the
world. Our technology and operations platforms underpin the daily
trading of more than U.S. $10
trillion of equities, fixed income and other securities
globally. A certified Great Place to Work®, Broadridge
is part of the S&P 500® Index, employing over 14,000
associates in 21 countries.
For more information about us and what we can do for you, please
visit www.broadridge.com.
Broadridge Contacts:
Investors:
Edings Thibault
Head of Investor Relations, Broadridge
broadridgeir@broadridge.com
Media:
Gregg
Rosenberg
Global Head of Corporate Communications
Gregg.Rosenberg@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.