LTX, a subsidiary of Broadridge Financial Solutions, has migrated its corporate bond e-trading platform to Amazon Web Services (AWS). With the completed migration, LTX can use AWS cloud services’ security and scale to support its data science processes.
“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 modernise e-trading technology while providing increased privacy, agility and scalability for LTX clients.”
The migration is intended to 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 (IOIs). LTX will add to its pricing, dealer selection, client recommendation, and similar bonds functionalities, with the intention of 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.”
LTX says that information security is a paramount concern for it, and notes that 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).
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. It reports processing over US$7 billon in initiated firm orders and an average daily volume of over US$25 billion via the Liquidity Cloud in Q1 2023.
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