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


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
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.