LTX, a subsidiary of Broadridge Financial Solutions, Inc. (NYSE:BR), today announced that it has been awarded four new patents on its fixed income trading innovations of bond similarity technology, dealer selection score technology, liquidity aggregation technology, and RFQ+ trading protocol.
Together, these technologies serve to inform pre-trade decision-making and bring new efficiency to trade execution. The newly patented technologies enhance trade workflows, from bond discovery and selection and counterparty selection to e-trading of larger size orders and provide the potential for price improvement due to the participation of multiple responding parties.
“Our buy- and sell-side clients have identified areas for improvement in existing trading and investment workflows, and we have responded with innovative solutions,” said Jim Kwiatkowski, CEO of LTX. “We’re thrilled that our inventions were awarded patents as our clients continue to partner with us on implementing AI into their workflows.”
Despite advancements in the bond market over the last two decades, it has fallen behind other asset classes in terms of innovation and electronification. LTX was formed by Broadridge to address the challenges corporate bond market participants continue to face accessing meaningful pre-trade data, discovering liquidity, and executing trades efficiently.
By enabling AI-driven workflows across the entire corporate bond trading 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 the these patented technologies, other recent LTX innovations include the patent-pending generative AI application BondGPT and enterprise version BondGPT+, which assists users in identifying corporate bonds and answers complex bond-related queries in seconds.
