Broadridge’s LTX bond trading platform faces uphill battle
Entering a saturated market of electronic trading technology this summer, the new AI-powered platform must clear several hurdles before it can declare success.
A new corporate bond trading platform backed by Broadridge, dubbed LTX, is gearing up for an official launch in June, marking the three-year point since the project’s inception. During Broadridge’s fiscal year Q2 2021 earnings call on February 2, chief executive Tim Gokey said that the platform was “live in a soft launch with select clients”, and the firm was receiving “positive feedback.”
Gokey said this summer’s full launch will include “more than 10 dealers and 35 buy-side clients.” LTX
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