LTX partners with TransFICC 26 November 2024US Reporter: Clelia Frondaroli
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LTX, a fixed income trading platform backed by Broadridge, has entered into a partnership with TransFICC, a provider of e-trading technology for fixed income markets.
This collaboration is said to enable dealers to onboard and connect to LTX more efficiently, which will be done via TransFICC’s One API for eTrading platform. TransFICC’s technology also aims to reduce complexities regarding regulation, data throughput and fragmentation in fixed income trading.
CEO of LTX, Jim Kwiatkowski, states: “Our strategic partnership with TransFICC enables faster time-to-market and simplified access to LTX’s innovative trading protocol, reducing operational burdens. Together, we are lowering the cost associated with trading corporate bonds and helping to deliver best execution to clients.”
Steve Toland, co-founder of TransFICC, concludes: “We are proud to bring this new solution to the market, as we address the fragmentation and workflow challenges typically associated with fixed income trading.”
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