Sell-side clients benefit from simplified integration and connectivity to LTX, reduced operational risk and implementation costs and improved time-to-market

LTX, an AI-powered fixed income trading platform backed by global Fintech leader, Broadridge Financial Solutions announced its strategic partnership with TransFICC, a leading provider of e-trading technology for fixed income markets. This collaboration enables dealers to more quickly and efficiently onboard and connect to LTX, via TransFICC’s One API for eTrading platform.

“We are excited to partner with TransFICC as we continue to grow our community of liquidity providers – optimizing fixed income trading by facilitating workflow and cost efficiencies,” said CEO of LTX, Jim Kwiatkowski. “Our strategic partnership with TransFICC enables faster time-to-market and simplified access to LTX’s innovative RFQ+ trading protocol, reducing operational burdens. Together, we are lowering the cost associated with trading corporate bonds and helping to deliver best execution to clients.”

Venue onboarding can be a complex and time-consuming task exacerbated by limited technical resources for the fixed income sector. TransFICC’s high-performance and reliable technology tackles the challenges of fragmentation, complex workflows, data throughput, and regulation associated with fixed income trading. Corporate bond dealers specializing in U.S. Investment Grade, High Yield, and Emerging Market credit products can leverage TransFICC’s One API for eTrading solution for direct integration with LTX, simplifying workflows, reducing complexities, and enabling faster access to LTX’s AI-powered corporate bond e-trading platform.

“We’ve seen enthusiasm from clients about speeding up their connectivity to LTX, and we’re excited to integrate to provide mutual clients with simpler connectivity, access to new trading protocols, and enhanced liquidity,”said Steve Toland, co-Founder of TransFICC. “We are proud to bring this new solution to the market, as we address the fragmentation and workflow challenges typically associated with fixed income trading.”

This integration is designed to assist dealers and other market participants in more quickly onboarding to LTX, joining the 40+ dealers and 90+ asset managers already on the platform. By simplifying connectivity and improving integration efficiency, TransFICC’s technology allows market participants to seamlessly join LTX’s ecosystem of liquidity providers.

Source: LTX