Broadridge Financial Solutions’ LTX has integrated with electronic fixed income trading connectivity and integration provider, Multilynq, as it seeks to accelerate trading connectivity to the LTX platform.
Jim Kwiatkowski
Jim Kwiatkowski, chief executive of LTX, explained: “Most dealers and asset managers are challenged prioritising their scarce technical resources to complete multiple critical technical projects.
“Our partnership with MultiLynq will assist many clients in reducing time to market and quickening access to LTX’s AI-powered pre-trade tools including BondGPT as well as our innovative RFQ+ and RFX trading protocols.”
Read more: Fireside Friday with… Broadridge LTX’s Jim Kwiatkowski
Currently, more than 35 dealers and 90 asset managers operate on Multilynq’s AI-powered corporate bond trading platform.
Specifically, MultiLynq will allow dealers to more easily integrate LTX into their existing infrastructure, thanks to eradicating the need to deploy their own resources. Users will be able to retain their preferred front-end interfaces.
It is an alternative to direct connection, with the key benefits being swift and flexible implementation which saves both time and cost.
Patrick Scheideler, co-founder of MultiLynq, said: “This collaboration reinforces our continued commitment to offering fixed income market participants a seamless and cost-effective solution for accessing world-class trading venues like LTX.
“By enhancing connectivity and speeding up access to LTX, we are breaking down technology barriers and creating greater efficiency for fixed income market participants.”