Broadridge Financial Solutions’ subsidiary LTX has integrated with TS Imagine’s fixed income execution management system (EMS), TradeSmart Fixed Income.
AJ Cass
The integration will provide buy-side clients with improved pre-trade transparency, price discovery and better access to aggregated liquidity within existing workflows.
“Workflow integration has always been a key element to the LTX strategy as part of our mission to simplify and optimise, embedding new, innovative capabilities within the screens that our clients are familiar with,” said AJ Cass, head of market structure and liquidity at LTX.
“We’re pleased to integrate with TS Imagine, bringing pre-trade transparency and trading efficiencies to our mutual clients’ workflows.”
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Following the move, LTX’s corporate bond trading capabilities will be directly accessible with TradeSmart Fixed Income.
The integration will also provide LTX order staging for TradeSmart Fixed Income users as well as the ability to submit indications of interest (IOIs) into the LTX Liquidity Cloud – LTX’s network of sell-side axes and anonymous buy-side IOIs.
Liquidity Cloud’s proprietary analysis identifies cloud matches, which are real-time indications of natural contra interest in the Liquidity Cloud, measured by cloud match scores.
The integration will see cloud match scores update dynamically on TradeSmart screens to reflect real-time available natural liquidity.
“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,” said Spencer Lee, chief markets officer at TS Imagine.