LTX, a subsidiary of global fintech Broadridge Financial Solutions, has been awarded four fixed income trading patents covering bond similarity technology, dealer selection score technology, liquidity aggregation technology, and RFQ+ trading protocol.
LTZ says that these technologies collectively serve to “inform pre-trade decision-making and bring new efficiency to trade execution”. The newly patented technologies cover 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.
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 says it is bringing new efficiencies to bond discovery and selection, liquidity discovery, counterparty selection and trade execution.
