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
View original content to download
multimedia:https://www.prnewswire.com/news-releases/broadridges-ltx-ai-powered-e-trading-platform-launches-new-buy-side-advisory-group-301535073.html
SOURCE Broadridge Financial Solutions, Inc.