Asset manager AllianceBernstein applied artificial intelligence (A.I.) to a corporate bond block trade transaction and found that the effort yielded far greater access to liquidity than conducting the transaction over the phone. The firm used a patented protocol, dubbed RFX, that uses A.I. technology and is part of corporate bond trading platform from LTX, a… Read More >>
ISDA’s CDM Pilot Clears Interest Rate Derivatives
Pilot Also Uses the Digital Asset Modeling Language ISDA’s Common Domain Model (CDM) was part of a proof-of-concept implementation that clears interest rate derivatives with the help of an open-source smart contract language, the Digital Asset Modeling Language (DAML) from vendor Digital Asset, officials say. “Using the CDM for clearing and deploying it on a… Read More >>
Broadridge Partnership Yields Corporate Bond Trading Platform
Post-trade systems and services provider Broadridge Financial Solutions reports that it’s partnering with Jim Toffey, founder of Tradeweb and now CEO of LiquidX, and has added artificial intelligence technologies to a Broadridge fixed income post-trade processing offering to create a corporate bond trading platform, dubbed LTX. The new platform has already been used to execute… Read More >>
Liquidity Squeeze in Corporate Bond Markets to Strain IT Teams
The world of corporate bond trading is in a transition, according to a new report by market research firm Woodbine Associates, and that could mean even more pressure on buy-side IT departments already slammed with demands from post-crisis regulations. In a nutshell, the report, “Changing Approaches to Credit Trading,” says buyers, sellers and trading venues… Read More >>
