Sell-side clients benefit from simplified
integration and connectivity to LTX, reduced operational risk and
implementation costs and improved time-to-market
NEW
YORK, Nov. 26, 2024 /PRNewswire/ -- LTX, an
AI-powered fixed income trading platform backed by global Fintech
leader, Broadridge Financial Solutions Inc. (NYSE:BR), today
announced its strategic partnership with TransFICC, a leading
provider of e-trading technology for fixed income markets. This
collaboration enables dealers to more quickly and efficiently
onboard and connect to LTX, via TransFICC's One API for eTrading
platform.
"We are excited to partner with TransFICC as we continue to grow
our community of liquidity providers – optimizing fixed income
trading by facilitating workflow and cost efficiencies," said CEO
of LTX, Jim Kwiatkowski. "Our
strategic partnership with TransFICC enables faster time-to-market
and simplified access to LTX's innovative RFQ+ trading protocol,
reducing operational burdens. Together, we are lowering the cost
associated with trading corporate bonds and helping to deliver best
execution to clients."
Venue onboarding can be a complex and time-consuming task
exacerbated by limited technical resources for the fixed income
sector. TransFICC's high-performance and reliable technology
tackles the challenges of fragmentation, complex workflows, data
throughput, and regulation associated with fixed income trading.
Corporate bond dealers specializing in U.S. Investment Grade, High
Yield, and Emerging Market credit products can leverage TransFICC's
One API for eTrading solution for direct integration with LTX,
simplifying workflows, reducing complexities, and enabling faster
access to LTX's AI-powered corporate bond e-trading platform.
"We've seen enthusiasm from clients about speeding up their
connectivity to LTX, and we're excited to integrate to provide
mutual clients with simpler connectivity, access to new trading
protocols, and enhanced liquidity," said Steve Toland, co-Founder of TransFICC. "We are
proud to bring this new solution to the market, as we address the
fragmentation and workflow challenges typically associated with
fixed income trading."
This integration is designed to assist dealers and other market
participants in more quickly onboarding to LTX, joining the 40+
dealers and 90+ asset managers already on the platform. By
simplifying connectivity and improving integration efficiency,
TransFICC's technology allows market participants to seamlessly
join LTX's ecosystem of liquidity providers.
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
artificial intelligence with patented, innovative e-trading
protocols to improve liquidity, efficiency, and execution. 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), is a global
technology leader with the trusted expertise and transformative
technology to help clients and the financial services industry
operate, innovate, and grow. We power investing, governance, and
communications for our clients – driving operational
resiliency, elevating business performance, and transforming
investor experiences.
Our technology and operations platforms process and generate
over 7 billion communications per year and underpin the daily
trading of more than $10 trillion of
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, please visit
www.broadridge.com.
About TransFICC
Launched in 2016, TransFICC provides trading technology for
Fixed Income.
TransFICC builds high performance and robust technology to
address the issues of fragmentation, complex workflows, data
throughput and regulation. Services include 'One API for eTrading',
Data Centres, 'IRS eTrading', 'Credit eTrading' and Consolidated
Tape, all of which deliver workflow efficiency, low latency,
scalable and secure connectivity for banks and the buy-side.
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.