Broadridge AI Bond Trading Platform Secures Patent

The artificial intelligence (AI) powered corporate bond trading platform from Broadridge, LTX, has secured a patent for its AI digital trading protocol technology according to a story in The Trade news. Named RFX, the digital proprietary trading protocol is designed to improve liquidity, efficiency, and execution offered by broker-dealers to their buy-side clients while also minimizing information leakage. The newly patented technology also helps traders meet best execution requirements by allowing broker-dealers to identify and aggregate liquidity across natural buyers bidding for bonds. Broadridge said it benefits institutional investors by helping them to understand pre-trade liquidity when trying to select a dealer with the strongest customer network. Launched in June  the bond trading platform aims to digitize processes for broker-dealers providing liquidity to the buy-side.