Broadridge’s LTX Launches OpenAI GPT-4 Powered Application to Service Bond Market

Broadridge Financial Solutions subsidiary LTX has launched BondGPT, an application powered by OpenAI GPT-4 which answers bond-related questions and helps users identify corporate bonds on the LTX platform. The application incorporates real-time liquidity information from LTX Liquidity Cloud to simplify workflows and increase efficiency for users’ bond selection and portfolio construction processes, which LTX stated will benefit asset managers hedge funds and dealers. According to the firm, BondGPT combines GPT-4 with LTX’s analytics and underlying dataset for data timeliness, accuracy and compliance in the highly regulated financial services sector, avoiding hallucination issues common in other implementations. Earlier this year, LTX successfully completed the migration of its corporate bond e-trading platform to Amazon Web Services (AWS). The completed migration allows LTX to leverage the security and scale of AWS cloud services alongside allowing the firm to better optimise its data science processes. The move also enables clients to make better informed corporate bond trading decisions based on transparency and real-time insights.