Broadridge has developed an artificial intelligence (AI) engine that can work with the company’s post-trade processing platform for U.S. fixed income to create an electronic market.
Working with Jim Toffey, founder of Tradeweb Markets and CEO of LiquidX, Broadridge’s LTX moves beyond the usual 1:1 sales process and creates an electronic
market that aggregates liquidity by engaging multiple participants simultaneously.
Although the U.S. corporate bond market has grown to $10 trillion, only about 25% is traded electronically, according to Broadridge, which says it has about two-thirds of the secondary market.
“Broadridge sits in the middle of a whole bunch of fixed income trade flows,” said Vijay Mayadas, president, global fixed income and analytics at Broadridge. “We capture a unique set of data which