LTX, A Broadridge Company, Announces Strategic Partnership with TransFICC to Improve Connectivity and Onboarding Speeds
LTX, a Broadridge Financial Solutions (NYSE:BR) company, announced a strategic partnership with TransFICC to enhance dealer connectivity and onboarding to its AI-powered fixed income trading platform. The collaboration leverages TransFICC's One API for eTrading platform to simplify integration, reduce operational risks and costs, and improve time-to-market for sell-side clients. LTX's platform currently serves 40+ dealers and 90+ asset managers, focusing on U.S. Investment Grade, High Yield, and Emerging Market credit products.
LTX, una società di Broadridge Financial Solutions (NYSE:BR), ha annunciato una partnership strategica con TransFICC per migliorare la connettività dei dealer e il processo di onboarding alla sua piattaforma di trading a reddito fisso supportata dall'AI. Questa collaborazione sfrutta l'One API di TransFICC per la piattaforma di eTrading, semplificando l'integrazione, riducendo i rischi e i costi operativi e migliorando il time-to-market per i clienti sell-side. La piattaforma di LTX attualmente serve oltre 40 dealer e più di 90 gestori di asset, concentrandosi su prodotti di credito Investment Grade, High Yield e dei Mercati Emergenti negli Stati Uniti.
LTX, una empresa de Broadridge Financial Solutions (NYSE:BR), anunció una asociación estratégica con TransFICC para mejorar la conectividad de los dealers y el proceso de onboarding en su plataforma de trading de renta fija impulsada por IA. La colaboración aprovecha la One API de TransFICC para la plataforma de eTrading, simplificando la integración, reduciendo los riesgos y costos operativos, y mejorando el tiempo de salida al mercado para los clientes del lado de la venta. La plataforma de LTX atiende actualmente a más de 40 dealers y a más de 90 gestores de activos, enfocándose en productos de crédito de Grado de Inversión, High Yield y de Mercados Emergentes en EE.UU.
LTX는 Broadridge Financial Solutions (NYSE:BR) 소속 회사로, TransFICC와의 전략적 파트너십을 발표하여 AI 기반 고정 수익 거래 플랫폼에 대한 딜러 연결성과 온보딩을 향상시킬 예정입니다. 이 협력은 TransFICC의 One API를 사용하여 eTrading 플랫폼과 통합을 간소화하고 운영 리스크 및 비용을 줄이며 매도 측 고객의 시장 진입 시간을 개선합니다. LTX의 플랫폼은 현재 40개 이상의 딜러와 90개 이상의 자산 관리자에게 서비스를 제공하며, 미국의 투자 등급, 하이 일드 및 신흥 시장 채권 상품에 중점을 두고 있습니다.
LTX, une entreprise de Broadridge Financial Solutions (NYSE:BR), a annoncé un partenariat stratégique avec TransFICC pour améliorer la connectivité des courtiers et l'intégration sur sa plateforme de trading à revenu fixe alimentée par l'IA. Cette collaboration exploite la One API de TransFICC pour la plateforme de eTrading afin de simplifier l'intégration, de réduire les risques et les coûts opérationnels et d'améliorer le délai de mise sur le marché pour les clients du côté vendeur. La plateforme de LTX dessert actuellement plus de 40 courtiers et plus de 90 gestionnaires d'actifs, en se concentrant sur les produits de crédit de catégorie Investment Grade, High Yield et provenant des marchés émergents aux États-Unis.
LTX, ein Unternehmen von Broadridge Financial Solutions (NYSE:BR), gab eine strategische Partnerschaft mit TransFICC bekannt, um die Händlerkonnektivität und das Onboarding auf seiner KI-gestützten Plattform für den Handel mit festverzinslichen Wertpapieren zu verbessern. Die Zusammenarbeit nutzt die One API von TransFICC für die eTrading-Plattform, um die Integration zu vereinfachen, operationale Risiken und Kosten zu reduzieren und die Markteinführungszeit für Kunden auf der Verkaufsseite zu verbessern. Die Plattform von LTX bedient derzeit über 40 Händler und mehr als 90 Vermögensverwalter und konzentriert sich auf US-Investment-Grade-, High-Yield- und Schwellenmarkt-Anleiheprodukte.
- Partnership reduces operational costs and implementation time for clients
- Platform already has established user base of 40+ dealers and 90+ asset managers
- Integration simplifies complex onboarding processes in fixed income trading
- None.
Insights
Sell-side clients benefit from simplified integration and connectivity to LTX, reduced operational risk and implementation costs and improved time-to-market
"We are excited to partner with TransFICC as we continue to grow our community of liquidity providers – optimizing fixed income trading by facilitating workflow and cost efficiencies," said CEO of LTX, Jim Kwiatkowski. "Our strategic partnership with TransFICC enables faster time-to-market and simplified access to LTX's innovative RFQ+ trading protocol, reducing operational burdens. Together, we are lowering the cost associated with trading corporate bonds and helping to deliver best execution to clients."
Venue onboarding can be a complex and time-consuming task exacerbated by limited technical resources for the fixed income sector. TransFICC's high-performance and reliable technology tackles the challenges of fragmentation, complex workflows, data throughput, and regulation associated with fixed income trading. Corporate bond dealers specializing in
"We've seen enthusiasm from clients about speeding up their connectivity to LTX, and we're excited to integrate to provide mutual clients with simpler connectivity, access to new trading protocols, and enhanced liquidity," said Steve Toland, co-Founder of TransFICC. "We are proud to bring this new solution to the market, as we address the fragmentation and workflow challenges typically associated with fixed income trading."
This integration is designed to assist dealers and other market participants in more quickly onboarding to LTX, joining the 40+ dealers and 90+ asset managers already on the platform. By simplifying connectivity and improving integration efficiency, TransFICC's technology allows market participants to seamlessly join LTX's ecosystem of liquidity providers.
For more information about LTX, please visit www.ltxtrading.com.
About LTX
LTX is an electronic trading platform that enables corporate bond market participants to trade smarter, combining powerful artificial intelligence with patented, innovative e-trading protocols to improve liquidity, efficiency, and execution. LTX is a division of Broadridge Business Process Outsourcing LLC, the broker-dealer subsidiary of Broadridge Financial Solutions.
About Broadridge
Broadridge Financial Solutions (NYSE: BR), is a global technology leader with the trusted expertise and transformative technology to help clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences.
Our technology and operations platforms process and generate over 7 billion communications per year and underpin the daily trading of more than
About TransFICC
Launched in 2016, TransFICC provides trading technology for Fixed Income.
TransFICC builds high performance and robust technology to address the issues of fragmentation, complex workflows, data throughput and regulation. Services include 'One API for eTrading', Data Centres, 'IRS eTrading', 'Credit eTrading' and Consolidated Tape, all of which deliver workflow efficiency, low latency, scalable and secure connectivity for banks and the buy-side.
Broadridge Contacts:
Investors:
Edings Thibault
Head of Investor Relations, Broadridge
broadridgeir@broadridge.com
Media:
Gregg Rosenberg
Global Head of Corporate Communications
Gregg.Rosenberg@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.
FAQ
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