Broadridge's LTX Integrates with BlackRock's Aladdin to Improve Liquidity Discovery for Corporate Bond Traders

LTX, a subsidiary of global Fintech leader Broadridge Financial Solutions, Inc. (Broadridge), and Aladdin, BlackRock's end-to-end investment management and operations platform used by institutional investors, have completed the next phase of their multi-year partnership to improve corporate bond trading workflow and further expand its network through a platform integration.

As part of the strategic partnership between Blackrock Aladdin and LTX, this latest phase of integration enables common clients to view Cloud Match Scores directly within the Aladdin application OEMS and directly interact with trading opportunities in the Liquidity Cloud® without a staging area. Aladdin users can seamlessly contribute their anonymous interests to the Liquidity Cloud and, in turn, identify natural contra liquidity.

LTX is an electronic trading platform that enables corporate bond market participants to trade with innovative e-trading protocols to improve liquidity, efficiency, and execution. LTX's Liquidity Cloud® is a network of anonymous real-time buy- and sell-side indications of interest, and Cloud Match Scores update dynamically to reflect real-time available natural liquidity.

Jim Kwiatkowski, CEO of LTX, said: "Some of the world's largest institutional investors use Aladdin for their end-to-end trading workflows, and we are pleased that this integration enables common clients of LTX and Aladdin to seamlessly access trading functionalities of both platforms. We are committed to facilitating positive transformation in the corporate bond market with data-driven pre-trade intelligence and liquidity aggregation; this integration offers these advancements within existing buy-side workflows."

Kamya Somasundaram, Managing Director, and a General Manager within Aladdin at BlackRock, said: "We look forward to empowering our users with innovative pre-trade liquidity discovery capabilities and trading solutions like LTX for more seamless and efficient corporate bond trading workflows."