Understand liquidity before you trade to achieve the ultimate best execution.

“With the LTX platform, the Liquidity Score is a lot more dynamic. I think that’s going to be a helpful tool not only for traders, but for portfolio managers.”

— Trader, Buy Side

“LTX maintains the relationship with the broker dealer who is so important in the risk-transfer process.”

— Trader, Buy Side

“This platform is a game changer.”

— Head of Trading, Sell Side

“That’s very clever, because it still lets your dealer control the whole picture.”

— Senior Trader, Buy Side

“I think they have some smart AI, giving you likelihood to trade and dealer performance that’s unique to each buy side counterparty.”

— Trader, Buy Side

“We have a lot of relationships, but we don’t have a lot of balance sheet. So this plays to our strengths. It allows us to leverage the things we already have.”

— Head of Trading, Sell Side

“What’s interesting about what they’re doing is they are trying to take the traditional distribution model and make it more efficient”

— Senior Trader, Buy Side

“LTX is great and very intuitive, I have never seen anything like this.”

— Trader, Buy Side

“This is the most sophisticated platform I have seen.”

— Portfolio Manager, Buy Side

“We estimate that the market opportunity for this solution directly impacts 60-80% of our CUSIPs.”

— Senior Trader, Buy Side

“TRACE volumes should grow dramatically given how big of an issue illiquidity is in the current marketplace.”

— Senior Trader, Buy Side

“This platform will help investors identify the dealers and institutions that are providing the liquidity for a given CUSIP.”

— Senior Trader, Sell Side

“LTX is unique in solving the real problem in the corporate bond marketplace.”

— Senior Trader, Buy Side

“The medium-sized dealers need a solution, they are getting squeezed on cost and increased e-trading activity.”

— Senior Trader, Buy Side

“I appreciate the level of control the buyside has with the RFX protocol.”

— Head of Fixed Income, Buy Side

“LTX creates greater trading efficiency and aggregates fragmented liquidity in the market today.”

— Senior Trader, Sell Side

“We like how the dealer’s role is enhanced in the trade without being a gatekeeper.”

— Senior Trader, Buy Side

“We need solutions like this for off-the-runs…we have plenty of platforms for on-the-runs.”

— Senior Fixed Income Trader, Sell Side

SCHEDULE A DEMO

LTX is Broadridge’s electronic corporate bond trading platform that empowers buy- and sell-side market participants to trade smarter, combining powerful artificial intelligence with a next-generation protocol to facilitate better liquidity, efficiency, and execution.

Aggregate liquidity and trading opportunities across your client network.

LEARN MOREABOUT DEALERS

Get a pre-trade, real-time view of market liquidity and achieve best execution.

LEARN MOREABOUT INVESTORS

BACKED BY THE POWER OF BROADRIDGE

LTX uses artificial intelligence to leverage the size and scale of Broadridge to create liquidity, digitize workflows and increase efficiency in the corporate bond market.

$5B+

REVENUES

$9T

IN DAILY EQUITIES,
FIXED INCOME AND
OTHER SECURITIES GLOBALLY

19 of 24

PRIMARY DEALERS ON BROADRIDGE’S FIXED INCOME PROCESSING PLATFORM

ABOUT US

GO BEYOND RFQ TO TAKE THE BOND MARKET TO THE NEXT LEVEL

LTX’s new RFX® trading protocol goes way beyond RFQ to help maximize liquidity and efficiency for all market participants.

RFQ Limitations

RFQ simply electronified the phone call without fundamentally improving liquidity.

Lack of Transparency
Participants cannot see other prices
Information Leakage
No filter to target natural buyers/sellers
One-to-One Execution
Single “winner”– not likely to represent BestEx
Blind Price Submission
No ability for price improvement
Can’t Bid for Your Amount
Cannot bid/offer for preferred amount

RFX Solutions

RFX empowers dealers to aggregate liquidity and enable dynamic price formation across their customer network.

Full Transparency
Monitor price development – see The Stack ^®
Control Information Leakage
Natural buyers/sellers targeted for each security
One-to-Many Execution
Initiators receive aggregated liquidity from multiple parties
Opportunity to Improve
Allows for efficient price improvement
Enhanced Flexible Protocol
Responders can bid/offer for desired amount

Video: Enhance Your Daily Workflow

See how LTX empowers portfolio managers and traders every day to maximize corporate bond liquidity, efficiency, and execution.

Watch Now

“With the LTX platform, the Liquidity Score is a lot more dynamic. I think that’s going to be a helpful tool not only for traders, but for portfolio managers.”

“LTX maintains the relationship with the broker dealer who is so important in the risk-transfer process.”

“This platform is a game changer.”

“That’s very clever, because it still lets your dealer control the whole picture.”

“I think they have some smart AI, giving you likelihood to trade and dealer performance that’s unique to each buy side counterparty.”

“We have a lot of relationships, but we don’t have a lot of balance sheet. So this plays to our strengths. It allows us to leverage the things we already have.”

“What’s interesting about what they’re doing is they are trying to take the traditional distribution model and make it more efficient”

“LTX is great and very intuitive, I have never seen anything like this.”

“This is the most sophisticated platform I have seen.”

“We estimate that the market opportunity for this solution directly impacts 60-80% of our CUSIPs.”

“TRACE volumes should grow dramatically given how big of an issue illiquidity is in the current marketplace.”

“This platform will help investors identify the dealers and institutions that are providing the liquidity for a given CUSIP.”

“LTX is unique in solving the real problem in the corporate bond marketplace.”

“The medium-sized dealers need a solution, they are getting squeezed on cost and increased e-trading activity.”

“I appreciate the level of control the buyside has with the RFX protocol.”

“LTX creates greater trading efficiency and aggregates fragmented liquidity in the market today.”

“We like how the dealer’s role is enhanced in the trade without being a gatekeeper.”

“We need solutions like this for off-the-runs…we have plenty of platforms for on-the-runs.”

BACKED BY THE POWER OF BROADRIDGE

REVENUES

IN DAILY EQUITIES, FIXED INCOME ANDOTHER SECURITIES GLOBALLY

PRIMARY DEALERS ON BROADRIDGE’S FIXED INCOME PROCESSING PLATFORM

GO BEYOND RFQ TO TAKE THE BOND MARKET TO THE NEXT LEVEL

RFQ Limitations

RFX Solutions

Video: Enhance Your Daily Workflow

IN DAILY EQUITIES,
FIXED INCOME AND
OTHER SECURITIES GLOBALLY