TRADE SMARTER.

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

“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

The LTX platform empowers dealers and institutional investors to better connect and trade corporate bonds through artificial intelligence, and provides next-generation protocols that enable dealers to more efficiently aggregate liquidity and trading opportunities across their vast customer network.

Fi360 2020 Webinar Series
Digitize your workflow for more efficient trading across your customer network.



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Investors
See the market like never before to achieve the ultimate best execution.



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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.

$14B+

MARKET CAP

$6T

IN TRADES
PROCESSED DAILY

600+

CLIENTS
(INCLUDING 19 of 24 US PRIMARY DEALERS)

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

The ABCDs of Innovation®

Leveraging next-gen technologies to help clients – and the industry – move markets forward.