Broadridge Launches Corporate Bond Trading Platform

Broadridge Financial Solutions, Inc. announced that its new AI-driven corporate bond trading platform, LTX, has executed its first trades. Broadridge has partnered with Jim Toffey, founder of Tradeweb Markets, to create LTX, which combines artificial intelligence (AI) with a new digital execution protocol that enables broker-dealers to significantly improve market liquidity, efficiency, and execution for their buy-side customers. Built on Broadridge’s US Fixed Income post-trade processing platform, LTX uses AI (LTX AI) to help broker-dealers digitize their franchise to maximize liquidity for asset managers while delivering improved transparency, “BestEx” and minimizing information leakage.