Broadridge's LTX AI-Powered e-Trading Platform Launches New Buy-Side Advisory Group

Rhea-AI Summary

Broadridge Financial Solutions (NYSE: BR) has formed a new Buy-Side Advisory Group for its AI-driven trading platform, LTX. Comprising senior credit traders from major firms including BlackRock and PIMCO, the group aims to enhance the platform's efficiency and liquidity in corporate bond trading. With over 50 asset managers and two dozen dealers onboard, LTX has facilitated over $4 billion in bonds offered since its inception. The Advisory Group will provide user-level insights for product development and improve buy-side execution workflows.

Positive

• Formation of a new Buy-Side Advisory Group to enhance LTX platform.
• Includes senior traders from reputable firms like BlackRock and PIMCO.
• Over 50 asset managers and two dozen dealers are already using LTX, indicating strong market interest.
• LTX has successfully facilitated over $4 billion in bond offerings.

Negative

• None.

Advisory Group will consist of senior credit traders from AllianceBernstein, American Century Investments, BlackRock, Invesco, MetLife Investment Management, PIMCO, and PineBridge Investments 

NEW YORK, April 28, 2022 /PRNewswire/ -- To further develop corporate bond trading and advance market structure, global Fintech leader Broadridge Financial Solutions Inc. (NYSE: BR) has formed a new Buy-Side Advisory Group for LTX, Broadridge's artificial intelligence (AI)-driven electronic trading platform. The Advisory Group will play a key role in evolving LTX and contributing to the development of solutions that drive greater efficiency and liquidity in the bond market.

The Buy-Side Advisory Group is comprised of senior credit traders at LTX client firms including AllianceBernstein, American Century Investments, BlackRock, Invesco, MetLife Investment Management, PIMCO, and PineBridge Investments. Members will provide expert user-level insight and advice on the development and enhancement of the LTX platform including on product usability, development prioritization, buy-side execution workflows, dealer expectations, and data handling.

"I'm thrilled to take part in the LTX Buy-Side Advisory Group," said Tom McClintic, Head of High Yield and Emerging Markets Trading, MetLife Investment Management. "Best execution is a priority, especially amidst the current liquidity conditions. LTX is innovating with data science and a new trading protocol, and I look forward to advising on the continued development of the platform."

"The members of the Buy-Side Advisory Group bring invaluable experience, and their expert opinions on topics from daily workflows to credit market structure issues will be instrumental in informing our innovative solutions," said Jim Toffey, CEO and Co-Founder of LTX. "We look forward to working with our new advisors to help their top dealers adopt our LTX technology, which empowers their dealers to service them better and help the buy-side trade smarter."

LTX combines powerful artificial intelligence with a next-generation protocol, RFX, to help improve liquidity, efficiency, and execution for buy- and sell-side corporate bond market participants. To date, two dozen dealers and over 50 asset managers representing a significant liquidity pool have joined the LTX platform, with an additional 60 firms in the pipeline. The number of RFX sessions on the platform has steadily increased since January 2021, and the total amount of bonds offered on the platform is over $4bn.

About Broadridge
Broadridge Financial Solutions (NYSE: BR), a global Fintech leader with $5 billion in revenues, provides the critical infrastructure that powers investing, corporate governance, and communications to enable better financial lives. We deliver technology-driven solutions that drive business transformation for banks, broker-dealers, asset and wealth managers and public companies. Broadridge's infrastructure serves as a global communications hub enabling corporate governance by linking thousands of public companies and mutual funds to tens of millions of individual and institutional investors around the world. Our technology and operations platforms underpin the daily trading of more than U.S. $9 trillion of equities, fixed income and other securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 13,000 associates in 21 countries.

For more information about Broadridge, please visit www.broadridge.com
For more information about LTX, please visit www.ltxtrading.com

Investors:
W. Edings Thibault
Head of Investor Relations, Broadridge
+1 516-472-5129
Edings.Thibault@Broadridge.com

Media:
Tina Wadhwa
Corporate Communications, Broadridge
+1 212-973-6164
Tina.Wadhwa@broadridge.com

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SOURCE Broadridge Financial Solutions, Inc.

FAQ

What is Broadridge's new Buy-Side Advisory Group for LTX?

Broadridge's Buy-Side Advisory Group is designed to enhance its AI-driven trading platform, LTX, through expert insights from senior credit traders at leading investment firms.

Who are the members of the Buy-Side Advisory Group for LTX?

The group comprises senior credit traders from firms such as AllianceBernstein, BlackRock, Invesco, and PIMCO.

How much liquidity has LTX facilitated since its launch?

Since its launch, LTX has facilitated over $4 billion in bond offerings.

What is the aim of Broadridge's LTX with respect to bond trading?

The aim is to improve efficiency and liquidity in the corporate bond market by utilizing AI-driven solutions.

When was the Buy-Side Advisory Group for LTX formed?

The Buy-Side Advisory Group was formed on April 28, 2022.