2023年6月22日

5天改变今天上午07:01增强版本的行业标准的供应商协议促进更大的交易使用新聚合功能纽约,6月22日,2023年,以更好地促进从巨额贸易规模和减少信息泄露,肝,子公司Broadridge金融解决方案公司(NYSE: BR)今天宣布推出RFQ +,新增加的供应商协议,结合经销商选择与流动性分析聚合能力无异。RFQ +基于现有的RFQ工作流和促进更大的交易通过聚合多个经销商响应所需的数量。RFQ +开发基于客户反馈作为补充肝独特的改进协议。通过RFQ +和最近推出的BondGPT由OpenAI GPT-4,肝移植是推动创新的下一代AI-enabled工作流。“执行尺寸在今天的信贷市场通常是具有挑战性的,”Steve Chylinski说FI交易主管鹰资产管理。“肝移植的方法是建立在熟悉的供应商协议与后部+创新聚合功能和AI的经销商选择分数可以改变游戏规则的买方和经销商电子执行金额更大的交易。”While electronically traded volumes have grown in the corporate bond market in recent years, electronic execution methods currently available do not accommodate larger trades sizes, which continue to be traded bilaterally. A 2023 survey from The DESK found that nearly half of mid-market credit asset managers say they never use e-trading for orders between $5-10M. 64% say they never use e-trading for orders over $10M. When asked about their most difficult execution objectives, almost 40% said size, and 23% said both size and price. "RFQ+ combines AI-powered pre-trade Dealer Selection Scores with novel liquidity aggregation functionality to solve genuine client pain points and further electronify the segment of the market that is still being traded bilaterally," said Jim Kwiatkowski, CEO of LTX. "This is the most recent example of LTX using emerging technologies to drive efficiency in the corporate bond market to the benefit of dealers and the buy side." Dealer Selection Scores allow a buy-side client to optimize the number of dealers to whom the client sends each RFQ, based on dealers' real-time and historical LTX Liquidity Cloud® inputs as well as pricing and platform behavior. Dealer Selection Scores also benefit dealers, allowing them to enhance direct networking to their clients. After an RFQ+ is sent to an optimal group of dealers, multiple dealer responders can bid/offer for the size they each want. Patent-pending technology aggregates the bids/offers, allowing the buy-side client to fulfill the block in one session with multiple dealers. To date, more than 30 dealers and more than 80 asset managers have joined the LTX platform, representing a significant liquidity pool. LTX has attracted many of the world's leading asset managers and dealers, with over $7 billon in initiated firm orders and an average daily volume of over $25 billion in the Liquidity Cloud in Q1 2023. About Broadridge Broadridge Financial Solutions (NYSE: BR), a global Fintech leader with more than $5 billion in revenues, provides the critical infrastructure that powers investing, corporate governance and communications to enable better financial lives. We deliver technology-driven solutions that drive business transformation for banks, broker-dealers, asset and wealth managers and public companies. Broadridge's infrastructure serves as a global communications hub enabling corporate governance by linking thousands of public companies and mutual funds to tens of millions of individual and institutional investors around the world. Our technology and operations platforms underpin the daily trading of more than U.S. $9 trillion of equities, fixed income, and other securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 14,000 associates in 21 countries. For more information about us and what we can do for you, please visit www.broadridge.com. About LTX LTX is an electronic trading platform that enables corporate bond market participants to trade smarter, combining powerful, patented artificial intelligence with innovative e-trading protocols to improve liquidity, efficiency, and execution. The Liquidity Cloud is the LTX network of anonymous real-time buy- and sell-side indications of interest which include CUSIP, direction, price, and size. LTX is a division of Broadridge Business Process Outsourcing LLC, the broker-dealer subsidiary of Broadridge Financial Solutions. For more information about LTX, please visit www.ltxtrading.com. Broadridge Contacts: