NEW
YORK, Jan. 29, 2024 /PRNewswire/ -- LTX, a
subsidiary of global Fintech leader, Broadridge Financial
Solutions, Inc. (NYSE:BR), today announced that it has been awarded
four new patents on its fixed income trading innovations of bond
similarity technology, dealer selection score technology, liquidity
aggregation technology, and RFQ+ trading protocol. Together, these
technologies serve to inform pre-trade decision-making and bring
new efficiency to trade execution. The newly patented technologies
enhance trade workflows, from bond discovery and selection and
counterparty selection to e-trading of larger size orders and
provide the potential for price improvement due to the
participation of multiple responding parties.
"Our buy- and sell-side clients have identified areas for
improvement in existing trading and investment workflows, and we
have responded with innovative solutions," said Jim Kwiatkowski, CEO of LTX. "We're thrilled
that our inventions were awarded patents as our clients continue to
partner with us on implementing AI into their workflows."
Despite advancements in the bond market over the last two
decades, it has fallen behind other asset classes in terms of
innovation and electronification. LTX was formed by Broadridge to
address the challenges corporate bond market participants continue
to face accessing meaningful pre-trade data, discovering liquidity,
and executing trades efficiently. By enabling AI-driven workflows
across the entire corporate bond trading lifecycle, from analysis
and portfolio management to trading, LTX brings new efficiencies to
bond discovery and selection, liquidity discovery, counterparty
selection, and trade execution.
In addition to the these patented technologies, other recent LTX
innovations include the patent-pending generative AI application
BondGPT and enterprise version BondGPT+, which assists
users in identifying corporate bonds and answers complex
bond-related queries in seconds.
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.
For more information about LTX, please visit
www.ltxtrading.com.
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:
Tina Wadhwa
Corporate Communications
Tina.Wadhwa@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.