Broadridge subsidiary LTX has been awarded four new patents on its fixed income trading solutions pertaining to bond similarity technology, dealer selection score technology, liquidity aggregation technology, and RFQ+ trading protocol.
These technologies serve to inform pre-trade decision-making and bring new efficiencies to trade execution. The newly patented technologies are designed to enhance trade workflows, from bond discovery and selection and counterparty selection to e-trading of larger size orders and provide the potential for price improvement due to the participation of multiple responding parties.
LTX CEO Jim Kwiatkowski said, “Our buy- and sell-side clients have identified areas for improvement in existing trading and investment workflows, and we have responded with innovative solutions.”
“We’re thrilled that our inventions were awarded patents as our clients continue to partner with us on implementing AI into their workflows,” Kwiatkowski added.
Despite advancements in the bond market over the last two decades, it has fallen behind other asset classes in terms of innovation and electronification, the firm said.
LTX itself was set up by Broadridge to address the challenges corporate bond market participants continue to face accessing meaningful pre-trade data, discovering liquidity, and executing trades efficiently through innovation in AI-driven workflows across the corporate bond trading lifecycle.
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