The latest feature in the LTX platform, BondGPT, enhances bond identification by supplying users with real-time liquidity data from LTX Liquidity Cloud®. This evolution brings enhanced efficiency to intricate processes related to bond selection and portfolio creation, contributing to asset managers, hedge funds, and dealers.

Harnessing Generative AI: The Potential in the Corporate Bond Market

“Emerging technologies such as generative AI hold immense potential to drive electronification and transparency in the corporate bond market,” said Jim Kwiatkowski, CEO of LTX. “By increasing the use of data and applications like BondGPT, market participants can inform and expedite vital pricing decisions, facilitate counterparty selection, and broaden liquidity access. We are proud to accelerate the use of these innovations as we work towards smarter and more efficient trading processes for the industry.”

By integrating data-centric applications like BondGPT, LTX provides the means to expedite crucial pricing decisions, facilitate counterparty selection, and extend liquidity access. The goal is a smarter, more efficient trading process for the entire industry.

##Introducing BondGPT: The Chat Interface for Corporate Bonds

BondGPT’s unique feature is its large language model (LLM) chat function that aids users in asking questions and identifying corporate bonds on the LTX trading platform, matching their specific requirements. This user-friendly, conversational interface is powered by LTX’s Liquidity Cloud and proprietary bond similarity technology.

The technology filters a vast array of user-adjusted parameters to pinpoint bonds with similar traits, catering to real-time liquidity needs. By merging the power of GPT-4 and LTX’s proprietary analytics with a comprehensive underlying dataset, BondGPT achieves timely data, accuracy, and compliance while circumventing common hallucination issues in this heavily regulated sector.

Breaking Tradition: The Novel Approach to Pre-trade Analysis

“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,” said Miguel Cota, VP & Senior Credit Trader, American Century Investments. “This opens up unprecedented possibilities for credit investment professionals.”

BondGPT showcases a fresh perspective on pre-trade analysis, opening up untapped potentials for credit investment professionals.

Broadridge LTX Clients Gain AI-Enhanced Services

“BondGPT powered by OpenAI GPT-4 is available to all Broadridge LTX clients today,” said Martin Koopman, Chief Product Officer and Co-Head of AI, Broadridge. “It adds generative AI to build on the AI neural network that LTX has used since launch. BondGPT is the first of many products and services Broadridge will release to our clients using this powerful technology in a safe manner, leveraging our deep regulatory knowledge and data privacy standards.”

BondGPT is the first in a series of offerings from Broadridge, leveraging the immense potential of generative AI in a secure, regulation-conscious way.

LTX continues to attract a wide array of clientele, boasting more than 30 dealers and over 80 asset managers on its platform. It represents a substantial liquidity pool, garnering significant attention from leading asset managers and dealers worldwide. With over $7 billion in initiated firm orders and an average daily volume surpassing $25 billion in the Liquidity Cloud for Q1 2023, LTX continues its surge.