LTX, an AI-powered corporate bond trading platform, is powered by global Fintech leader Broadridge Financial Solutions Inc. (NYSE:BR), today announced GenAI-powered trading list functionality.
The new feature allows users to leverage GPT technology to seamlessly create and execute multi-asset, multi-way trade class listings via RFQ+.
“In response to positive customer engagement with our GenAI-powered BondGPT application and their request for similar innovative trading capabilities, we developed GenAI-powered Trading List Trading,” said Jim Kwiatkowski, CEO of LTX. “This new functionality builds on the foundation of LTX, leveraging powerful AI and advanced trading protocols such as RFQ+ and RFX to improve efficiency, increase time savings and provide greater flexibility in trading strategies.”
This new capability addresses the ongoing need to streamline workflows as clients consistently seek to integrate GenAI into their pre-trade and trade execution processes.
The introduction of this functionality coincides with the one-year anniversary of LTX’s GenAI application, BondGPT. Within the LTX platform, traders can use BondGPT to create bond lists based on their specific criteria easily and quickly, and then seamlessly create and execute their list of trades.
Merchants can set rules for automatic execution, allowing for greater workflow efficiency. BondGPT+ users can further improve their portfolio management processes by using GenAI on their stock and positions to inform portfolio construction decisions.
To date, more than 90 leading asset managers and more than 35 dealers have joined the LTX platform, representing a significant pool of liquidity. LTX has attracted many of the world’s leading asset managers and dealers, with over $39 billion in Liquidity Cloud as of May 2024.