Broadridge Financial Solutions subsidiary LTX has launched an enterprise version of its BondGPT application, named BondGPT+, offering new capabilities focused on the needs of its enterprise client base.
The new offering incorporates Broadridge technology and OpenAI GPT-4 to answer complex bond-related questions alongside helping users identify corporate bonds on the LTX platform rapidly.
“Since the successful launch of BondGPT in June 2023, we have received overwhelmingly positive feedback and thoughtful suggestions from our clients,” said Jim Kwiatkowski, chief executive of LTX.
“Based on that feedback, we have moved quickly to incorporate clients’ own data as well as a range of new features in the second generation of BondGPT. The result is that BondGPT+ not only meets our clients’ enterprise requirements, but also sets a new standard for generative AI solutions in the financial industry by providing a single natural language interface for seamless access to much of the data used by busy fixed income professionals.”
The enhanced offering allows clients to securely integrate third-party datasets alongside their own data for easier access to critical information. LTX also stated that BondGPT+ is able to integrate into clients’ enterprise applications, including trading workflows.
BondGPT+ also provides more customisation to clients, allowing users to tailor the platform to their requirements by adding preferences to be considered when generating responses.
The new offering also has a focus on enterprise control and governance, with system administrators having the ability to configure levels of data access through user and firm level entitlements via its admin centre.
“Generative AI has the potential to transform the financial services industry by bringing unparalleled efficiencies to core operations,” said Jean Sullivan, head of wealth management at Celent.
“By integrating BondGPT+’s natural language capabilities and curated data sources with clients’ own data in their own systems, LTX is helping market participants make smarter, more streamlined decisions through easier access to the mountains of disparate data they deal with every day.”