Broadridge Partners with Charles River, Improves Efficiency and Liquidity

​Broadridge Financial Solutions, a leading provider of investor communications and technology-driven solutions, has announced that its new artificial intelligence (AI)-driven digital trading platform, LTX, has been integrated with the Charles River Investment Management Solution (Charles River IMS).

By integrating with LTX, Charles River’s order and execution management system (OEMS) will allow users to digitize workflows, improve liquidity, efficiency and best execution for illiquid corporate bonds. Further, Traders can route orders to LTX via FIX connectivity and connect to a dealer of their choice when they are ready to trade.

The integration enables buy-side traders to work with their dealers, quickly identifying the right customers that may be the natural buyers and sellers for any bond using LTX AISM. That dealer can then digitally invite those targeted customers to their trade opportunity to dynamically aggregate liquidity across their customers, helping to deliver improved best execution to that buy-side account.

“As the foundation of State Street AlphaSM, open architecture and interoperability are at the core of Charles River IMS and working with LTX will further enhance our customers’ ability to trade smarter with their dealers,” said Spiros Giannaros, CEO, Charles River Development.