Goldman Sachs, JPMorgan, TD Securities, Morgan Stanley & BofA join LTX.
Officials at corporate bond e-trading venue, LTX, say they have added A-List firms Goldman Sachs, JPMorgan, TD Securities (through its subsidiary, TD Financial Products LLC), Morgan Stanley, and Bank of America as integrated liquidity providers.
“These leading dealers will provide investment-grade and high yield bond liquidity on the platform, joining 40+ liquidity providers and 100+ buy-side investors already on LTX,” according to officials. In addition, J.P. Morgan and TD Securities will appoint a representative to LTX’s board of directors, officials add. LTX is part of Broadridge Financial Solutions.
LTX, which leverages artificial intelligence (A.I.), facilitates the electronic trading of corporate bonds and offers investors access to a suite of trading tools, including BondGPT Intelligence, which integrates generative A.I. capabilities within trading platform workflows, officials say.
The LTX platform also offers the Liquidity Cloud, a network of “actionable disclosed sell-side axes and anonymous buy-side indications of interest (IOIs),” officials say. LTX also leverages Broadridge Business Process Outsourcing, LLC as its broker-dealer.
“It’s an exciting time for LTX, for our growing list of buyside clients, and for the future of corporate bond trading,” says Jim Kwiatkowski, CEO of LTX, in a prepared statement.
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