LTX by Broadridge Releases GPT-4 Powered App, BondGPT

LTX, a corporate bond e-trading platform of US-based global Fintech leader Broadridge Financial Solutions Inc., announced today the launch of BondGPT, an application that combines the power of OpenAI GPT-4 with LTX's analytics and comprehensive underlying dataset.

This follows LTX's completing a successful migration​ of its corporate bond e-trading platform to Amazon Web Services (AWS) in late March.

Leveraging real-time liquidity information from the LTX Liquidity Cloud, the new offering offers a large language model (LLM) chat function, answering bond-related questions and assisting users in their identification of corporate bonds on the LTX platform.

"BondGPT powered by OpenAI GPT-4 is available to all Broadridge LTX clients today," said Martin Koopman, Chief Product Officer and Co-Head of AI, Broadridge. "It adds generative AI to build on the AI neural network that LTX has used since launch. BondGPT is the first of many products and services Broadridge will release to our clients using this powerful technology in a safe manner, leveraging our deep regulatory knowledge and data privacy standards."

"Emerging technologies such as generative AI hold immense potential to drive electronification and transparency in the corporate bond market," said Jim Kwiatkowski, CEO of LTX. "By increasing the use of data and applications like BondGPT, market participants can inform and expedite vital pricing decisions, facilitate counterparty selection, and broaden liquidity access. We are proud to accelerate the use of these innovations as we work towards smarter and more efficient trading processes for the industry."