Liquidnet has implemented Boltzbit’s offering to enhance its operations through Gen-AI with the aim of making bonds more readily available through its dashboard.
Yichuan Zhang
This technological enhancement to Liquidnet’s fixed income primary markets workflow specifically allows Liquidnet to receive, process, and display newly announced bond deals at a significantly faster rate.
Speaking about the collaboration, Mark Russell, head of fixed income strategy at Liquidnet, said: “We’ve always been big proponents of interoperability and integrated solutions to bring true efficiency to bond primary markets. Our partnership with Boltzbit is a reflection of that strategy. Rather than rely on traditional Management Information reports, Boltzbit delivered a solution which allows us to interrogate the data via natural language queries, supported by dynamic reports.”
The technological enhancement speeds up the time between users receiving unstructured deal data and the bonds being ready by 90%, according to Liquidnet.
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Yichuan Zhang, chief executive and co-founder at Boltzbit, asserted that bond primary markets remains one key area where technological developments are most needed.
He added: “We see GenAI as the next wave of technological innovation for financial services, with significant potential for productivity gains and the creation of new products and services. We believe firms who get ahead of this trend will reap the rewards.”