Broadridge forms AI-driven digital execution platform, LTX.
BANKING AND CREDIT NEWS-June 23, 2020-Broadridge forms AI-driven digital execution platform, LTX
(C)2020 M2 COMMUNICATIONS http://www.m2.com
Broadridge Financial Solutions, Inc. (NYSE: BR) has announced that LTX, its new AI-driven corporate bond trading platform, has executed its first trades, the company said.
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, which processes over USD 6 trillion in notional volume per day across 40+ dealer clients, LTX...
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