Broadridge Financial Solutions’ LTX has entered a strategic partnership with e-trading technology provider for fixed income markets, TransFICC.
Jim Kwiatkowski, chief executive at LTX
The collaboration will enable dealers to efficiently onboard and connect to LTX, via TransFICC’s One API for eTrading platform.
“Our strategic partnership with TransFICC enables faster time-to-market and simplified access to LTX’s innovative RFQ+ trading protocol, reducing operational burdens,” said Jim Kwiatkowski, chief executive at LTX.
“Together, we are lowering the cost associated with trading corporate bonds and helping to deliver best execution to clients.”
Read more: Fireside Friday with… Broadridge LTX’s Jim Kwiatkowski
Venue onboarding is often considered to be a complex and time-consuming task, made worse by limited technical resources for the fixed income sector.
TransFICC’s technology aims to address the challenges of fragmentation, complex workflows, data throughput, and regulation associated with fixed income trading.
Corporate bond dealers specialising in US investment grade, high yield, and emerging market credit products can leverage TransFICC’s One API for eTrading solution for direct integration with LTX. This will enable the simplification of workflows, reducing complexities, and enabling faster access to LTX’s AI-powered corporate bond e-trading platform, the firm stated.
By simplifying connectivity and improving integration efficiency, TransFICC’s technology also allows market participants to join LTX’s ecosystem of liquidity providers.
“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.