LTX by Broadridge Integrates with TS Imagine to Improve Fixed Income Liquidity Access for Mutual Buy-Side Clients
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Insights
The recent integration between LTX and TS Imagine's TradeSmart Fixed Income is a strategic move that could potentially enhance the trading experience for buy-side clients. The collaboration aims to streamline the pre-trade process by offering improved transparency and price discovery, which are critical components in fixed income trading. This integration could lead to a more efficient market environment by aggregating liquidity and enabling traders to make more informed decisions.
From a market research perspective, the ability to access LTX's corporate bond trading capabilities directly within the TradeSmart platform may reduce the need for multiple systems, potentially lowering operational costs for mutual clients. The introduction of Cloud Matches and dynamic Cloud Match Scores could represent a significant advancement in liquidity measurement, providing traders with a more precise understanding of market interest levels. This could translate into a competitive advantage for Broadridge Financial Solutions, potentially impacting its market share and revenue growth in the Fintech sector.
The integration of LTX with TradeSmart Fixed Income exemplifies the ongoing evolution of financial technology where the emphasis is on seamless workflow and advanced analytics. The proprietary analysis within the LTX Liquidity Cloud that identifies Cloud Matches is indicative of the application of sophisticated algorithms and big data in financial markets. These technologies can refine how liquidity is quantified and accessed, potentially reducing the bid-ask spread and improving market efficiency.
In the broader context of the fixed income market, such technological advancements may encourage more electronic trading, which has historically lagged behind equities in terms of automation. This could lead to a shift in trading patterns and increase the overall volume of electronically executed trades. For stakeholders, the long-term implications hinge on the adoption rate of these systems and their impact on trading costs and execution quality.
Enhancements in trading platforms such as the one between LTX and TS Imagine can have a ripple effect on investment strategies, particularly within the fixed income domain. Improved pre-trade transparency and access to aggregated liquidity are likely to affect the decision-making process of portfolio managers. With more data at their disposal, investment strategies could become more dynamic, adapting to market conditions with greater agility.
For investors, the implications of this integration may be seen in the performance of Broadridge Financial Solutions' stock (NYSE: BR). If the new features lead to increased satisfaction and higher usage rates among the existing client base, there could be a positive impact on the company's financials. However, the actual influence on stock performance would also depend on external market conditions and investor sentiment towards the fintech industry as a whole.
"Workflow integration has always been a key element to the LTX strategy as part of our mission to simplify and optimize, embedding new, innovative capabilities within the screens that our clients are familiar with," said AJ Cass, Head of Market Structure and Liquidity, LTX. "We're pleased to integrate with TS Imagine, bringing pre-trade transparency and trading efficiencies to our mutual clients' workflows."
LTX's corporate bond trading capabilities are now accessible directly within TradeSmart Fixed Income. In addition to LTX order staging, TradeSmart Fixed Income users can submit their indications of interest (IOIs) into the LTX Liquidity Cloud®. The Liquidity Cloud is LTX's network of thousands of sell-side axes and anonymous buy-side indications of interest (IOIs). Proprietary analysis in the Liquidity Cloud identifies Cloud Matches, real-time indications of natural contra interest in the Liquidity Cloud, the strength of which are measured by Cloud Match Scores. As part of the integration, Cloud Match Scores update dynamically on TradeSmart screens to reflect real-time, available natural liquidity.
"Integrating with LTX further enhances the price discovery capabilities available to our clients by offering differentiated liquidity and the ability to manage the entire lifecycle of a trade on a single platform," said Spencer Lee, Chief Markets Officer of TS Imagine.
About LTX
LTX is an electronic trading platform that enables corporate bond market participants to trade smarter, combining powerful, patented artificial intelligence with innovative e-trading protocols to improve liquidity, efficiency, and execution. The Liquidity Cloud is the LTX network of anonymous real-time buy- and sell-side indications of interest which include CUSIP, direction, price, and size. LTX is a division of Broadridge Business Process Outsourcing LLC, the broker-dealer subsidiary of Broadridge Financial Solutions.
For more information about LTX, please visit www.ltxtrading.com.
About Broadridge
Broadridge Financial Solutions (NYSE: BR), a global Fintech leader with more than
For more information about us and what we can do for you, please visit www.broadridge.com.
About TS Imagine
TS Imagine delivers a best-in-class SaaS platform for integrated electronic front-office trading, portfolio management, and financial risk management tools to the buy-side and sell-side. Formed following the merger of TradingScreen and Imagine Software in 2021, TS Imagine innovates by drawing on nearly thirty years' experience serving the world's most sophisticated financial services firms through changing markets and a shifting regulatory landscape.
The TS Imagine team is focused on developing technology that empowers its clients to succeed every day, in every asset class. TS Imagine employs the best technology talent, alongside former senior traders who understand first-hand their client's pressure points and how to address them. This complementary expertise, unique to the industry, enables TS Imagine to dive deep in areas such as data science, automation, and development. As a result, clients can focus on what they do best: generating and protecting alpha within fast evolving markets.
By offering a range of purpose-built solutions developed from the ground-up, TS Imagine technology has become an essential tool for the modern investor, working seamlessly across asset classes and geographies. With greater transparency, better efficiency, and infinite scalability, TS Imagine clients are empowered to circumvent distractions and avoid unnecessary tasks so they can maintain their focus on driving returns.
Broadridge Contacts:
Investors:
Edings Thibault
Head of Investor Relations, Broadridge
broadridgeir@broadridge.com
Media:
Tina Wadhwa
Corporate Communications
Tina.Wadhwa@broadridge.com
TS Imagine Contact:
Renee Calabro
Chief Marketing Officer
Renee.calabro@tsimagine.com
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SOURCE Broadridge Financial Solutions, Inc.
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