Broadridge Financial Solutions’ fixed income trading platform LTX has integrated with TS Imagine’s fixed income execution management system, TradeSmart Fixed Income (TradeSmart).
Through the agreement, TradeSmart users should be able to access LTX’s corporate bond trading capabilities, including order staging.
Clients should also able to submit indications of interest (IOIs) into the LTX Liquidity Cloud, a network of sell-side axes and anonymous buy-side IOIs.
The Liquidity Cloud is designed to identify real-time indications of natural contra interest, called Cloud Matches, and measures their strength as a Cloud Match Score. These scores are now visible for TradeSmart users, providing an insight into real-time, available natural liquidity, Broadridge explained.
Mutual buy-side clients are expected to see greater pre-trade transparency, price discovery and access to aggregated liquidity within their existing workflows, the company said.
Spencer Lee, chief markets officer at TS Imagine, stated, “Integrating with LTX further enhances the price discovery capabilities available to our clients by offering differentiated liquidity and the ability to manage the entire lifecycle of a trade on a single platform.”
<p>©Markets Media Europe 2024</p>
<p><a href=”#top”>TOP OF PAGE</a></p>
