LTX, a subsidiary of Broadridge Financial Solutions, Inc. (NYSE:BR), announced today that it has been awarded four new patents related to its fixed income trading innovations of bond similarity technology, trader option rating technology, liquidity pooling technology and RFQ+ protocol trading.
Together, these technologies serve to inform pre-trade decision making and deliver new efficiencies in trade execution. New patented technologies enhance trading workflows, from bond discovery and selection and counterparty selection to electronic trading of larger orders, and provide the ability to improve pricing due to multi-party participation.
“Our buy-side and sell-side clients have identified areas for improvement in their existing trading and investment workflows, and we have responded with innovative solutions,” said Jim Kwiatkowski, CEO of LTX. “We are excited to have our inventions patented as our customers continue to work with us to implement artificial intelligence into their workflows.”
Despite developments in the bond market over the past two decades, it has lagged behind other asset classes in terms of innovation and digitization. LTX was created by Broadridge to address the challenges that corporate bond market participants continue to face in accessing important pre-trade data, discovering liquidity and efficiently executing trades.
By enabling AI-driven workflows across the entire corporate bond 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 these patented technologies, other recent LTX innovations include the AI BondGPT application generator and the corporate version BondGPT+, which helps users identify corporate bonds and answer complex bond-related queries in seconds.