Broadridge subsidiary LTX has launched BondGPT+, the enterprise version of its BondGPT application, which incorporates Broadridge’s patent-pending technology and OpenAI GPT-4 to answer complex bond-related questions and assist users in the identification of corporate bonds on the LTX platform.
LTX CEO Jim Kwiatkowski said the firm has received “overwhelmingly” positive feedback since the launch of BondGPT in June 2023. “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.”
BondGPT+ integrates client’s data and other third-party datasets, providing access to critical information. The solution provides multiple implementation options and an API suite, allowing it to integrate into clients’ enterprise applications, including trading workflows. BondGPT+’s natural language capabilities help clients optimise portfolio strategies and make better-informed trading decisions at speed.
The resizable BondGPT+ dashboard allows users to take up as much or as little screen real estate as required. Critical questions can be saved as “favourites” 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.
BondGPT+ relies on verified, curated data sources, which helps to mitigate hallucination risk and eliminates the need to pass sensitive data through the large language model (LLM). 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.
BondGPT+’s Admin Center allows system administrators 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 compliance and risk management processes. AI-powered usage analysis provides insight into user interactions with BondGPT, designed to improve user engagement.
© Markets Media Europe 2023
