Understand liquidity before you trade to achieve the ultimate best execution.
“This platform will help investors identify the dealers and institutions that are providing the liquidity for a given CUSIP.”
-- Senior Trader, Sell Side
“LTX creates greater trading efficiency and aggregates fragmented liquidity in the market today.”
-- Senior Trader, Sell 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 protocol is unique, and I think it will be popular with clients.”
– Fixed Income Sales, Sell 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
“This platform is a game changer.”
— Head of Trading, Sell Side
Built from the ground up, LTX digitizes workflows to help traders and sales professionals trade smarter to generate more business faster and more efficiently. Using artificial intelligence, we can empower you with the tools and insights to do more with your vast customer network to maximize liquidity and deliver the ultimate best execution to your customers.
- Understand the liquidity of your inventory and current trades you and your customers are considering
- Communicate with your entire network instantly when you’re ready to trade
Use with LTX AISM to identify natural buyers and sellers within your network
- Aggregate liquidity across multiple customer accounts with LTX’s patent-pending RFX® protocol
- Access rich post-trade insights to plan your next trade and deliver the ultimate best execution
- See historical trading activity to uncover new trade opportunities
- Match the price and size of a bond to real-time liquidity conditions in the Liquidity Cloud®
- Receive actionable alerts when liquidity is ideal for the trade your customer wants
- Send customer trades directly to your trading desk on their behalf
- Place orders on behalf of customers for their exact size to help them achieve the ultimate best execution
BE AT THE CENTER OF EVERY TRADE
DIGITIZE YOUR WORKFLOW
AI-powered tools and insights to deliver the ultimate best execution to your customers.
Gain a complete view of liquidity before you trade.
- Search for real-world interest based on current trades you and your customers are considering
- Adjust the price and quantity for a specific bond to find the right Liquidity Score®
- Connect customers with natural buyers and sellers within your network based on your trade history
- Monitor potential customer trades against anonymously shared pre-trade information
- Receive alerts when liquidity is right for the trade your customer wants
Amplify your role to deliver the ultimate best execution.
- Electronically invite your targeted accounts to a trade opportunity within seconds
- Aggregate liquidity across natural counterparties within your customer base
- Enable visible price formation and see The Stack® form as bids come in
- Bid on behalf of clients for the bonds they want with multiple opportunities to improve
- See where the market stands at the end of each session and discover new ideas to grow your business
GET MORE THAN A QUOTE WITH RFX
RFX takes RFQ to a whole new level, amplifying the critical role dealers play in fixed income markets.
RFQ simply electronified the phone call without fundamentally improving liquidity.
Lack of Transparency
Participants cannot see other prices
No filter to target natural buyers/sellers
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 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