BondGPT+ builds on award-winning launch of
BondGPT to add premium features and seamless enterprise
integration
NEW
YORK, Oct. 18, 2023 /PRNewswire/ -- LTX, a
subsidiary of global Fintech leader, Broadridge Financial
Solutions, Inc. (NYSE:BR), today announced the launch of BondGPT+,
the enterprise version of its award-winning BondGPT application,
which incorporates Broadridge's unique patent-pending technology
and OpenAI GPT-4 to answer complex bond-related questions and
rapidly assist users in their identification of corporate bonds on
the LTX platform. BondGPT+ contains a range of new capabilities
focused on the needs of its most sophisticated enterprise
clients.
"Since the successful launch of BondGPT in June 2023, we have received overwhelmingly
positive feedback and thoughtful suggestions from our clients,"
said Jim Kwiatkowski, CEO of LTX.
"Based on that feedback, we have moved quickly to incorporate
clients' own data as well as a range of new features in the second
generation of BondGPT. The result is that BondGPT+ not only meets
our clients' enterprise requirements, but also sets a new standard
for generative AI solutions in the financial industry by providing
a single natural language interface for seamless access to much of
the data used by busy fixed income professionals."
Enterprise data and workflow integration
BondGPT+
allows clients to securely integrate their own data and other
third-party datasets, providing easier access to critical
information. Offering multiple implementation options and a robust
API suite, BondGPT+ seamlessly integrates into clients' enterprise
applications, including trading workflows. This means businesses
can harness the full spectrum of BondGPT+'s natural language
capabilities to receive quick answers to complex questions, which
can help clients optimize portfolio strategies and make
better-informed trading decisions when time is of the essence.
User-level customization and premium features
The
personalized BondGPT+ dashboard with resizable answer panels allows
users to take up as much or as little screen real estate as
required. Critical questions can be saved as "favorites" on the
dashboard and scheduled to run at a desired frequency, time of day,
or when key data changes. Users can tailor BondGPT+ to their
requirements by adding preferences that should be considered when
generating responses. For example, if a user or firm has a policy
where they only trade high yield bonds that are above a certain
credit rating, BondGPT+ can be instructed to only include those
types of bonds in its responses.
Accuracy, security, and control
From the first
instance, BondGPT was created with architectural design patterns
that ensure accuracy, data security, and privacy. These principles
are equally central to BondGPT+ enterprise implementations, and
they are especially critical given the capabilities within BondGPT+
to integrate with proprietary client data and systems.
Because it was purpose-built for institutional fixed income
users, accuracy is paramount in BondGPT, and BondGPT+ continues
this heritage. The application relies on verified, curated data
sources, which mitigates hallucination risk and eliminates the need
to pass sensitive data through the LLM. Further, explainable
AI capabilities allow users and administrators to understand how
BondGPT+ arrives at its responses. The patent-pending technology
behind the "Show your work" feature offers transparency by showing,
step-by-step, how each response was created.
Another key differentiator of BondGPT+ is its focus on
enterprise control and governance. With its Admin Center, system
administrators gain the ability to configure various levels of data
access through user and firm level entitlements. BondGPT+ builds on
BondGPT's AI-powered compliance layer, allowing compliance officers
at client firms to add custom rules based on their firm's unique
compliance and risk management processes. AI-powered usage analysis
provides invaluable insights into user interactions with BondGPT,
offering businesses a powerful tool for improving user
engagement.
"Generative AI has the potential to transform the financial
services industry by bringing unparalleled efficiencies to core
operations," said Jean Sullivan of
Celent. "BondGPT is a transformative industry-first use case that
enables streamlined pre-trade fixed income workflows. By
integrating BondGPT+'s natural language capabilities and curated
data sources with clients' own data in their own systems, LTX is
helping market participants make smarter, more streamlined
decisions through easier access to the mountains of disparate data
they deal with every day."
For more information about BondGPT+, please visit
www.ltxtrading.com/bondgpt.
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 $6 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. $10 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.
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.