NEW YORK, March 10, 2022 /PRNewswire/ -- LTX, Broadridge
Financial Solutions, Inc.'s artificial intelligence
(AI)-driven digital trading platform, has completed a successful
integration with the Charles River Investment Management Solution
(Charles River IMS). The complete integration enables Charles
River's order and execution management system (OEMS) users to
better access aggregated liquidity and leverage transparency and
price discovery within their existing workflows through their
existing relationships with their dealers.
"Trading efficiently in corporate credit markets presents a
number of unique challenges for investment firms," said Vidya
Guruju, CFA, Senior Product Manager at Charles River. "The
partnership with LTX empowers our buy-side clients with improved
price discovery, a new source of differentiated liquidity and the
ability to manage their entire trade lifecycle on one
platform."
Building on Broadridge's market-leading fixed income processing
platform, the LTX e-trading platform uses data science and its own
patented trading protocol, RFX®, to provide the buy-side and
sell-side with a more complete view into pre-trade and post-trade
liquidity, ultimately helping market participants facilitate
natural liquidity discovery and find best execution.
"The completed integration seamlessly incorporates LTX into the
trading workflows of Charles River users to more effectively source
liquidity and achieve best execution," said Jim Toffey, CEO and Co-founder of LTX. "Together
with Charles River's capabilities and long-standing reputation in
the industry, and LTX's next-generation execution protocol, we will
help institutional investors trade smarter."
To date, two dozen dealers and more than 50 asset managers have
joined the LTX platform, representing a significant liquidity pool.
The number of RFX sessions on the platform has steadily increased
since January 1, 2021, and the total
amount of bonds offered on the platform is nearly $3bn.
About Charles River®, A State Street Company
Investment, wealth and alternative managers, asset owners and
insurers in 30 countries rely on Charles River IMS to
manage USD $36 Trillion in assets.
Together with State Street's middle and back office services,
Charles River's cloud-deployed front office technology forms
the foundation of State Street Alpha℠. Charles
River helps automate and simplify the investment process
across asset classes, from portfolio
management and risk
analytics through trading and post-trade
settlement, with integrated compliance and managed
data throughout. Charles River's partner
ecosystem enables clients to access the data, analytics,
application and liquidity providers that support their product and
asset class mix. We serve clients globally with more than 1,000
employees in 11 regional offices. (Statistics as of Q4 2021)
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 us, please visit
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.