Goldman Sachs, J.P. Morgan, and Others Join LTX as Liquidity Providers
LTX announced that Goldman Sachs, J.P. Morgan, TD Securities, Morgan Stanley, and Bank of America have joined its corporate bond trading platform as fully integrated liquidity providers, according to a press release. J.P. Morgan and TD Securities will each appoint a representative to the LTX Board of Directors.
LTX, backed by Broadridge Financial Solutions, provides AI powered tools for electronic bond trading. The platform includes the BondGPT solution, which supports investment grade and high yield bond trading. The addition of these major institutions expands the network to over 40 liquidity providers and more than 100 buy side participants.
The company said the collaboration combines LTX's AI based trading workflows with the liquidity and market expertise of the participating banks. LTX aims to improve execution efficiency and reduce trading costs while supporting direct, fully disclosed trading between dealers and buy side clients.
LTX’s latest feature, BondGPT Intelligence, integrates generative AI to help traders identify opportunities and execute trades more efficiently. The system uses patented orchestration of machine learning agents to enhance corporate bond trading workflows.
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