Broadridge migrates bond e-trading platform LTX to AWS

“LTX is committed to offering innovative e-trading technology that facilitates transparency and liquidity discovery. By migrating to AWS, LTX can leverage the scalability of the cloud to continue to deliver enhanced data and execution capabilities to our clients.”

Broadridge’s LTX has completed a successful migration of its corporate bond e-trading platform to Amazon Web Services (AWS).

The migration will allow LTX to leverage the security and scale of AWS cloud services and better optimize its data science processes, enabling clients to make more informed corporate bond trading decisions based on transparency and real-time insights.

LTX is an AI-powered digital trading platform from Broadridge that supports smarter trading decisions for buy-side investors and dealers.

More intelligence and improved functionality for corporate bond traders

Scott Mullins, Managing Director, Worldwide Financial Services at AWS, said: “By moving its trading platform and critical business applications to AWS, LTX can bring even more intelligence and improved functionality for corporate bond traders in an environment where security and resiliency are the highest priority. As LTX and AWS continue working together, we will modernize e-trading technology while providing increased privacy, agility and scalability for LTX clients.”

Jim Kwiatkowski, CEO of LTX, commented: “LTX is committed to offering innovative e-trading technology that facilitates transparency and liquidity discovery. By migrating to AWS, LTX can leverage the scalability of the cloud to continue to deliver enhanced data and execution capabilities to our clients.”

Leveraging AWS, Broadridge’s LTX can now take advantage of improved machine learning monitoring and scalability, using the vast quantities of LTX platform data to securely create more robust datasets.

This will mean enhanced pricing, dealer selection, client recommendation, and similar bonds functionalities, as well an improved Liquidity Cloud, the LTX network of anonymous real-time buy- and sell-side indications of interest.

Data and information security remain a critical priority for LTX, amidst recent volatile market conditions, and Broadridge is ISO 27001 certified and CSA STAR Level 2 Certified (Cloud Security Alliance Security Trust Assurance and Risk).

The LTX platform’s liquidity pool connects more than 30 dealers to over 75 asset managers, with over $7 billon in initiated firm orders and an average daily volume of over $25 billion in the Liquidity Cloud in Q1 2023.

Financefeeds.com