Broadridge forms buy-side advisory group for its AI trading platform LTX

Broadridge Financial Solutions has formed a Buy-Side Advisory Group for LTX, its artificial intelligence (AI)-driven electronic trading platform.

The Advisory Group will play a key role in evolving LTX and contributing to the development of solutions that drive greater efficiency and liquidity in the bond market.

LTX combines AI with Broadridge’s RFX platform, to help improve liquidity, efficiency, and execution for buy- and sell-side corporate bond market participants.

The Buy-Side Advisory Group will include senior credit traders at LTX’s client firms including AllianceBernstein, American Century Investments, BlackRock, Invesco, MetLife Investment Management, PIMCO, and PineBridge Investments.

Members will provide advice on the LTX platform’s product usability, development prioritisation, buy-side execution workflows, dealer expectations, and data handling.

Jim Toffey, CEO and co-founder of LTX, says: "The members of the Buy-Side Advisory Group bring invaluable experience, and their expert opinions on topics from daily workflows to credit market structure issues will be instrumental in informing our innovative solutions.

“We look forward to working with our new advisors to help their top dealers adopt our LTX technology, which empowers their dealers to service them better and help the buy-side trade smarter."