Broadridge’s LTX hires two fixed income veterans for new leadership positions

Incoming heads bring decades of experience to LTX and will help accelerate the digitisation of corporate bond trading.

Broadridge Financial Solutions has appointed two new leadership positions at LTX, its AI-driven digital trading platform for corporate bonds.

Ted Bragg and Jim Kwiatkowski will take on the new positions in the LTX leadership team and will work with Jim Toffey, CEO of LTX, to accelerate the digitisation of corporate bond trading.

Bragg brings over 30 years’ experience of executive leadership in the global markets to the new role, heading the enhancement of LTX’s trading capabilities.

Before joining LTX, Bragg served as vice president and head of fixed income at Nasdaq responsible for the broker-dealer team’s execution and the registered alternative trading system (ATS), NFI for US Treasuries.

Prior to that, Bragg served in several different leadership roles for BNY Mellon, including managing director in the markets group, as head of e-commerce strategy.

Similarly to Bragg, Kwiatkowski brings more than 30 years of industry experience to the new role.

Most recently, Kwiatkowski acted as managing director and global head of transaction sales at the London Stock Exchange, after transitioning to the group following the acquisition of Refinitiv.

“As we leverage next-gen technologies to take the bond market to the next level, Ted and Jim are welcomed additions who are recognised leaders with decades of experience driving transformation in the capital markets industry,” said Toffey.

“These latest hires reinforce Broadridge’s commitment and investment in LTX and we look forward to further strengthening our liquidity network, enabling more dealers and investors to trade smarter.” 

Originally launched in June last year, LTX gives broker-dealers the ability to digitise their business and provide market liquidity to buy-side clients in a more efficient manner.

Today, 12 dealers and over 50 asset managers have joined the LTX platform. LTX expects an additional 50 firms to join the platform by the end of this year.

The platform recently surpassed $1 billion in the total amount of bonds offered.