AI-powered digital trading platform from
Broadridge supports smarter trading decisions for buy-side
investors and dealers
NEW
YORK, March 30, 2023 /PRNewswire/ -- LTX, a
subsidiary of Broadridge Financial Solutions Inc. (NYSE: BR), has
completed a successful migration of its corporate bond e-trading
platform to Amazon Web Services (AWS). With the completed
migration, LTX can leverage the security and scale of AWS cloud
services and better optimize its data science processes, enabling
clients to make more informed corporate bond trading decisions
based on transparency and real-time insights.
"By moving its trading platform and critical business
applications to AWS, LTX can bring even more intelligence and
improved functionality for corporate bond traders in an environment
where security and resiliency are the highest priority," said
Scott Mullins, Managing Director,
Worldwide Financial Services at AWS. "As LTX and AWS continue
working together, we will modernize e-trading technology while
providing increased privacy, agility and scalability for LTX
clients."
LTX can now take advantage of improved machine learning
monitoring and scalability, using the vast quantities of LTX
platform data to securely create more robust datasets. The
migration will allow LTX to provide more advanced analysis of its
Liquidity Cloud®, the LTX network of anonymous
real-time buy- and sell-side indications of interest. LTX will
enhance its pricing, dealer selection, client recommendation, and
similar bonds functionalities, better helping buy-side investors
and dealers to make smarter trading decisions.
"LTX is committed to offering innovative e-trading technology
that facilitates transparency and liquidity discovery," said
Jim Kwiatkowski, CEO of LTX. "By
migrating to AWS, LTX can leverage the scalability of the cloud to
continue to deliver enhanced data and execution capabilities to our
clients."
Information security is a paramount concern for LTX.
Broadridge is one of a select group of US companies that are ISO
27001 certified and CSA STAR Level 2 Certified (Cloud Security
Alliance Security Trust Assurance and Risk).
The completed e-trading platform migration comes as the
corporate bond trading landscape continues to evolve. Data and
information security remain a critical priority for LTX and other
firms, amidst recent volatile market conditions. In fact, according
to Broadridge's 2023 Digital Transformation Survey, on average,
firms plan to boost their spending on next-gen tech such as AI by
more than 20% in the next two years, with a particular focus on
cybersecurity.
To date, more than 30 dealers and more than 75 asset managers
have joined the LTX platform, representing a significant liquidity
pool. LTX has attracted many of the world's leading asset managers
and dealers, with over $7 billon in
initiated firm orders and an average daily volume of over
$25 billion in the Liquidity Cloud in
Q1 2023.
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 about LTX, please visit
www.ltxtrading.com.
Broadridge Contacts:
Investors:
Edings Thibault
Head of Investor Relations, Broadridge
broadridgeir@broadridge.com
Media:
Tina Wadhwa
Corporate Communications
Tina.Wadhwa@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.