Broadridge Financial Solutions’ AI-powered corporate bond trading platform, LTX, has introduced GenAI-powered list trading functionality.
The new functionality will enable users of GPT technology to generate and execute multi-asset class, multi-directional trade lists via RFQ+.
According to the firm, this new capability addresses the ongoing need to streamline workflows, as clients seek to integrate GenAI into their pre-trade and trade execution processes.
“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, chief executive 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.”
LTX’s GenAI application BondGPT allows traders to generate lists of bonds based on their specific criteria speedily, which can help construct and execute their list of trades.
Traders can also define rules for auto-execution, allowing for greater workflow efficiency.
Over the past year, LTX has integrated with various firms to enhance its platform. Most recently, LTX integrated with electronic fixed income trading connectivity and integration provider, Multilynq, to accelerate trading connectivity to its platform; and integrated with TS Imagine to bolster mutual buy-side clients’ fixed income liquidity access.