Broadridge’s LTX unveiled BondGPT, a revolutionary AI-powered app.
The company wants to utilize artificial intelligence in other markets in the future.
Broadridge
Financial Solutions (NYSE:BR) has revealed a game-changing addition to its LTX platform called
BondGPT. The AI technology aims to transform the complex bond selection and
portfolio construction processes, offering enhanced liquidity and price
discovery. According to the company’s representatives, the $10.3 trillion US
corporate bond market will benefit from this revolutionary technology.
Broadridge’s LTX Launches
BondGPT
BondGPT, an
application powered by OpenAI GPT-4, is a large language model (LLM) chat
function that allows users to ask questions and identify corporate bonds on the
LTX trading platform based on their specific criteria.
The
conversational interface uses LTX's Liquidity Cloud and patent-pending bond
similarity technology to identify bonds with similar characteristics to meet
traders' real-time liquidity needs. Combining the capabilities of GPT-4 with
LTX's cutting-edge analytics and comprehensive underlying dataset, BondGPT
ensures up-to-date data, compliance and accuracy.
"Emerging
technologies such as generative AI hold immense potential to drive
electronification and transparency in the corporate bond market," Jim
Kwiatkowski, the CEO of LTX, commented.
He
emphasized the potential of generative AI technologies like BondGPT to expedite
crucial pricing decisions, facilitate counterparty selection, and broaden
liquidity access. LTX is excited to drive the adoption of such innovations for
a smarter, more streamlined trading industry.
Broadridge Wants to
Utilize AI
Martin
Koopman, the Chief Product Officer and Co-Head of AI at Broadridge confirmed that
BondGPT is now available to all Broadridge LTX clients. He added that BondGPT
is the first of many products and services that Broadridge plans to release using
this powerful technology, ensuring safety by leveraging their deep regulatory
knowledge and data privacy standards.
"LTX's
innovative implementation of generative AI for BondGPT offers portfolio
managers and traders a new approach to pre-trade analysis, departing from
traditional methods," Miguel Cota, the VP & Senior Credit Trader at American
Century Investments, said. "This opens up unprecedented possibilities for
credit investment professionals."
The LTX platform boasts more than 30 dealers and over 80 asset managers,
demonstrating a significant liquidity pool. With over $7 billion in
initiated firm orders and an average daily volume of over $25 billion in the
Liquidity Cloud in Q1 2023, LTX has attracted many of the world's leading asset
managers and dealers.
Financial Companies Invest
in AI Solutions
Broadridge's latest
move into the artificial intelligence industry is a clear confirmation that the
rising number of financial companies want to utilize the rising popularity of
ChatGPT and other AI solutions.
A month
ago, crypto derivative and copy trading provider Bitget joined forces with Fetch.ai,
an AI blockchain platform. Bitget has committed $10 million to support the
growth of the Fetch.ai ecosystem.
A few weeks
earlier, Tiger Brokers, the trading brand of a leading online brokerage firm
focusing on Chinese investors UP Fintech Holding Limited, presented an
alternative to the ChatGPT chatbot, dubbed TigerGPT. According to the company's
press release, it is the first AI trading assistant released in the retail
trading industry.
AI has
numerous applications in the financial industry, ranging from fraud detection
to customer service. According to experts, artificial intelligence will definitely
change the landscape of FX/CFD industry. And now, the question is not ‘if’ but ‘how’.
Broadridge
Financial Solutions (NYSE:BR) has revealed a game-changing addition to its LTX platform called
BondGPT. The AI technology aims to transform the complex bond selection and
portfolio construction processes, offering enhanced liquidity and price
discovery. According to the company’s representatives, the $10.3 trillion US
corporate bond market will benefit from this revolutionary technology.
Broadridge’s LTX Launches
BondGPT
BondGPT, an
application powered by OpenAI GPT-4, is a large language model (LLM) chat
function that allows users to ask questions and identify corporate bonds on the
LTX trading platform based on their specific criteria.
The
conversational interface uses LTX's Liquidity Cloud and patent-pending bond
similarity technology to identify bonds with similar characteristics to meet
traders' real-time liquidity needs. Combining the capabilities of GPT-4 with
LTX's cutting-edge analytics and comprehensive underlying dataset, BondGPT
ensures up-to-date data, compliance and accuracy.
"Emerging
technologies such as generative AI hold immense potential to drive
electronification and transparency in the corporate bond market," Jim
Kwiatkowski, the CEO of LTX, commented.
He
emphasized the potential of generative AI technologies like BondGPT to expedite
crucial pricing decisions, facilitate counterparty selection, and broaden
liquidity access. LTX is excited to drive the adoption of such innovations for
a smarter, more streamlined trading industry.
Broadridge Wants to
Utilize AI
Martin
Koopman, the Chief Product Officer and Co-Head of AI at Broadridge confirmed that
BondGPT is now available to all Broadridge LTX clients. He added that BondGPT
is the first of many products and services that Broadridge plans to release using
this powerful technology, ensuring safety by leveraging their deep regulatory
knowledge and data privacy standards.
"LTX's
innovative implementation of generative AI for BondGPT offers portfolio
managers and traders a new approach to pre-trade analysis, departing from
traditional methods," Miguel Cota, the VP & Senior Credit Trader at American
Century Investments, said. "This opens up unprecedented possibilities for
credit investment professionals."
The LTX platform boasts more than 30 dealers and over 80 asset managers,
demonstrating a significant liquidity pool. With over $7 billion in
initiated firm orders and an average daily volume of over $25 billion in the
Liquidity Cloud in Q1 2023, LTX has attracted many of the world's leading asset
managers and dealers.
Financial Companies Invest
in AI Solutions
Broadridge's latest
move into the artificial intelligence industry is a clear confirmation that the
rising number of financial companies want to utilize the rising popularity of
ChatGPT and other AI solutions.
A month
ago, crypto derivative and copy trading provider Bitget joined forces with Fetch.ai,
an AI blockchain platform. Bitget has committed $10 million to support the
growth of the Fetch.ai ecosystem.
A few weeks
earlier, Tiger Brokers, the trading brand of a leading online brokerage firm
focusing on Chinese investors UP Fintech Holding Limited, presented an
alternative to the ChatGPT chatbot, dubbed TigerGPT. According to the company's
press release, it is the first AI trading assistant released in the retail
trading industry.
AI has
numerous applications in the financial industry, ranging from fraud detection
to customer service. According to experts, artificial intelligence will definitely
change the landscape of FX/CFD industry. And now, the question is not ‘if’ but ‘how’.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
UK's Reimbursement Plan Shakes Up Payments Industry
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
See you there!
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1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
See you there!
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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FMAS:24 | Sneak Peak
FMAS:24 | Sneak Peak
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Sandton Convention Center, Sandton, South Africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa