LTX and TransFICC Join Forces to Revolutionize Fixed Income Trading Connectivity

LTX and TransFICC Forge a New Path in Fixed Income Trading

In a strategic move poised to reshape the landscape of fixed income trading, LTX, an innovative AI-driven trading platform backed by Broadridge Financial Solutions, has announced its partnership with TransFICC, a leader in e-trading technology for the fixed income sector. This collaboration aims to significantly enhance connectivity and streamline onboarding processes for dealers in the corporate bond market.

A Game Changer for Fixed Income Trading

The partnership between LTX and TransFICC is set to revolutionize how dealers engage with LTX’s trading platform. As Jim Kwiatkowski, CEO of LTX, stated, the collaboration focuses on optimizing fixed income trading by improving workflow, reducing costs, and ultimately facilitating a better trading experience for all participants. With the integration of TransFICC's One API for eTrading, dealers will benefit from expedited access to LTX’s award-winning RFQ+ trading protocol.

Addressing Industry Challenges

Trading in the fixed income market presents unique challenges, particularly regarding venue onboarding, which is often cumbersome due to fragmented systems and limited technical resources. The technology provided by TransFICC tackles these barriers head-on, offering solutions that enhance data throughput and compliance with complex regulations. This ensures that corporate bond dealers specializing in various credit products, including U.S. Investment Grade, High Yield, and Emerging Markets, can connect seamlessly with LTX.

The mutual goal of this partnership is to address the fragmentation and workflow complexities that have long plagued the fixed income trading sector. By simplifying the integration process and enabling connectivity among more than 40 dealers and 90 asset managers already on the LTX platform, this partnership is set to create a more cohesive and efficient trading environment.

Advantages for Sell-Side Clients

For sell-side clients, this strategic partnership promises several advantages. By streamlining connectivity and reducing operational risks, dealers can lower both implementation costs and time-to-market. The integration of TransFICC’s high-performance technology means that dealers can onboard with LTX more quickly than ever, allowing for better access to new trading protocols and improved liquidity.

Steve Toland, co-founder of TransFICC, expressed enthusiasm about the partnership, emphasizing the excitement from clients regarding increased connectivity to LTX. He remarked that their technology is equipped to meet the demands of the market effectively, ensuring speed and reliability in connectivity.

A Bright Future Ahead

With the partnership in full swing, both LTX and TransFICC are committed to fostering a community of liquidity providers capable of addressing the challenges inherent in fixed income trading. As they move forward, this collaboration not only reflects an innovative approach but also aims to set new standards for trading efficiency and effectiveness in the financial services sector.

For those interested in more information about LTX and its offerings, visit LTX Trading.

About LTX and Broadridge

LTX represents a cornerstone of Broadridge Financial Solutions, which operates on a global scale, providing transformative technology and trusted expertise across the financial services industry. Broadridge processes over 7 billion communications annually and facilitates daily trading of securities valued at more than $10 trillion. This partnership with TransFICC is emblematic of Broadridge's commitment to innovation and excellence in operation.

With a shared vision for the future of fixed income trading, LTX and TransFICC are stepping into a new era of efficiency that promises to benefit the entire trading community.