NEW
YORK, Nov. 30, 2022 /PRNewswire/ --
LTX, Broadridge Financial Solutions, Inc.'s [BR: NYSE]
artificial intelligence (AI)-driven digital trading business, today
announced that Jim Kwiatkowski has
been promoted to the role of CEO of LTX.
Jim Toffey, co-founder of LTX,
will succeed Art Certosimo as
Chairman of the LTX Board of Directors. In his role as
Chairman, Jim Toffey will continue
to promote innovation and advise on strategy and evolving market
structure. Art Certosimo will remain
on the LTX Board.
Mr. Kwiatkowski is an industry veteran, having spent more than
20 years in the electronic trading industry. Since joining LTX in
2021 as Chief Revenue Officer, Kwiatkowski spearheaded significant
business, commercial, and operational developments, including
strategic integrations with key OEMS partners and growth of the
buy-side and dealer client base.
"Jim Kwiatkowski is a proven
leader with the right expertise to scale the LTX platform and drive
it forward," said Vijay Mayadas,
President of Capital Markets at Broadridge. "Jim Toffey's entrepreneurial vision has been
instrumental in establishing LTX as a differentiated platform that
enables dealers and their buy-side customers to connect and trade
more efficiently."
"LTX's mission and goal is more relevant than ever– to solve the
deep and complex liquidity issues in the credit markets through the
use of AI and advanced trading protocols," said Jim Kwiatkowski. "Since launching, LTX has made
incredible strides toward advancing the structure of the corporate
bond market for the benefit of all market participants. I am
thrilled to have the opportunity to lead the team as we build upon
that foundation."
"I am excited to hand the day-to-day reigns over to Jim Kwiatkowski where his immense electronic
markets experience will drive innovation in the credit markets
through AI and innovative trading protocols," said Jim Toffey.
Since its launch in 2020, LTX has attracted many of the world's
leading asset managers and dealers, with over $7 billion in initiated firm orders and an
average daily volume of $26 billion
in the Liquidity Cloud.
About Broadridge
Broadridge Financial Solutions (NYSE: BR), a global Fintech
leader with more than $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 14,000 associates in 21
countries.
For more information about us and what we can do for you, please
visit www.broadridge.com.
About LTX
LTX is Broadridge's electronic trading platform that enables
corporate bond market participants to trade smarter, combining
powerful, patented artificial intelligence with a next-gen,
patented e-trading protocol to improve liquidity, efficiency, and
execution. For more information, visit www.ltxtrading.com.
Broadridge Contacts:
Investors:
Edings Thibault
Head of Investor Relations, Broadridge
broadridgeir@broadridge.com
Media:
Gregg
Rosenberg
Corporate Communications
Gregg.Rosenberg@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.