In a move to reshape fixed-income markets, LTX, Broadridge Financial Solutions' AI-powered trading platform, has announced a partnership with e-trading technology provider TransFICC. The goal is to streamline dealer connectivity and accelerate market access.

Broadridge’s LTX Teams With TransFICC to Speed Up Fixed-Income Access

The collaboration introduces a simplified integration pathway for dealers through TransFICC's One API for eTrading platform, addressing long-standing challenges in the fixed-income trading sector.

“We are excited to partner with TransFICC as we continue to grow our community of liquidity providers—optimizing fixed income trading by facilitating workflow and cost efficiencies,” said the CEO of LTX, Jim Kwiatkowski.

“Our strategic partnership with TransFICC enables faster time-to-market and simplified access to LTX's innovative RFQ+ trading protocol, reducing operational burdens,” he continued. “Together, we are lowering the cost associated with trading corporate bonds and helping to deliver best execution to clients.”

The alliance particularly benefits dealers specializing in US investment grade, high yield, and emerging market credit products. These market participants can now leverage TransFICC's technology for direct integration with LTX's platform, potentially reducing implementation times and associated costs significantly.

“We've seen enthusiasm from clients about speeding up their connectivity to LTX, and we're excited to integrate to provide mutual clients with simpler connectivity, access to new trading protocols, and enhanced liquidity,” said Steve Toland, co-founder of TransFICC. “We are proud to bring this new solution to the market, as we address the fragmentation and workflow challenges typically associated with fixed income trading.”

The partnership comes as LTX continues to expand its market presence, currently serving over 40 dealers and 90 asset managers. Last year, the company introduced customized artificial intelligence solutions for enterprise financial services, dubbed BondGPT+.

The integration addresses several critical challenges in fixed-income trading, including market fragmentation, complex workflows, and data throughput requirements.

Canada, Australia, and Payments

Broadridge Financial Solutions has recently completed the acquisition of Kyndryl's Securities Industry Services (SIS) platform, aiming to strengthen its position in the Canadian financial services market.

In addition to this acquisition, Broadridge has launched a new instant payments service designed to facilitate real-time money transfers. This service operates continuously, 24/7/365, and processes transactions in under 10 seconds. It leverages the Swift Alliance Gateway Instant (AGI) infrastructure, which connects with SwiftNet Instant to ensure seamless and efficient exchange of instant payment messages.

Furthermore, Broadridge has expressed its readiness to support new over-the-counter (OTC) derivatives reporting requirements in Singapore and Australia. The company is also preparing for upcoming regulatory changes in Canada and Hong Kong, demonstrating its commitment to compliance and support for its global clientele.