Broadridge Onboards Clients to Corporate Bonds Platform Set to Launch Next Year
The vendor's LTX platform leverages a neural network to navigate the complexity of the corporate bond market, and is expected to launch in the first quarter of 2021.
Broadridge is planning a full launch of its artificial intelligence (AI)-driven corporate bond trading platform, LTX, in the first quarter of next year.
The vendor, which announced in June that it had executed its first trades on LTX, is now gathering liquidity on the platform to enable the full launch.
Vijay Mayadas, who was recently appointed president of capital markets at Broadridge, says the technology is already live, but the platform needs to onboard 30 to 45 buy-side firms and five to
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