“Integrating with LTX further enhances the price discovery capabilities available to our clients by offering differentiated liquidity and the ability to manage the entire lifecycle of a trade on a single platform.”
LTX by Broadridge has successfully integrated its AI-driven fixed income trading platform with TS Imagine’s Fixed Income Execution Management System, known as TradeSmart Fixed Income.
LTX operates as an electronic trading venue that leverages artificial intelligence and e-trading protocols to boost liquidity, efficiency, and execution in the corporate bond market. The integration will enhance pre-trade transparency, streamline price discovery, and consolidate access to liquidity for mutual clients within their established operational processes.
Differentiated liquidity and the ability to manage the entire lifecycle of a trade on a single platform
Through this integration, users of TradeSmart Fixed Income can now access LTX’s corporate bond trading features directly, including the innovative LTX Liquidity Cloud. This platform connects sell-side and anonymous buy-side interests, employing proprietary analysis to identify potential matches in real-time, which are quantified by Cloud Match Scores. These scores, reflecting the availability of natural liquidity, dynamically update on the TradeSmart interface.
TS Imagine, established from the merger between TradingScreen and Imagine Software, offers a leading SaaS platform for front-office trading, portfolio management, and financial risk management.
AJ Cass, Head of Market Structure and Liquidity, LTX, said: “Workflow integration has always been a key element to the LTX strategy as part of our mission to simplify and optimize, embedding new, innovative capabilities within the screens that our clients are familiar with. We’re pleased to integrate with TS Imagine, bringing pre-trade transparency and trading efficiencies to our mutual clients’ workflows.”
Spencer Lee, Chief Markets Officer of TS Imagine, commented: “Integrating with LTX further enhances the price discovery capabilities available to our clients by offering differentiated liquidity and the ability to manage the entire lifecycle of a trade on a single platform.”
In February of this year, TS Imagine partnered with ICE Bonds, the exchange operator’s provider of fixed income trading and execution services, to enable users of TS One and TradeSmart to access fixed-income execution protocols and liquidity for Municipal and Corporate bonds via the ICE TMC and ICE BondPoint platforms. The suite of trading protocols includes options like click-to-trade and request-for-quote (RFQ).
ICE TMC facilitates trading in municipal, corporate, agency, and government bonds, among others. ICE BondPoint provides deep liquidity and price discovery for broker-dealers and buy-side institutions. Notably, ICE TMC has seen significant trading activity, with over 450 unique liquidity providers and high fill rates.
