Broadridge’s digital trading platform LTX has migrated its corporate bond e-trading platform to Amazon Web Services (AWS) to enhance its data science processes and improve its scale and security capabilities.
Through greater transparency and real-time insights, the company aims to facilitate more informed corporate bond trading decisions for its clients.
Following the move, LTX will be able to better leverage its data via AWS’ machine learning monitoring and scalability capabilities, the company says. This includes the creation of more robust datasets and improved analysis of its Liquidity Cloud, offering anonymous real-time buy- and sell-side indications of interest.
AWS will allow LTX to improve over a number of operations, including pricing, dealer selection, client recommendation and similar bonds functionalities, the company affirms.
Jim Kwiatkowski, LTX CEO, says: LTX is committed to offering innovative e-trading technology that facilitates transparency and liquidity discovery. By migrating to AWS, LTX can leverage the scalability of the cloud to continue to deliver enhanced data and execution capabilities to our clients."
Scott Mullins, managing director of worldwide financial services at AWS, adds: “By moving its trading platform and critical business applications to AWS, LTX can bring even more intelligence and improved functionality for corporate bond traders in an environment where security and resiliency are the highest priority.
“As LTX and AWS continue working together, we will modernise e-trading technology while providing increased privacy, agility and scalability for LTX clients."
