LTX, Broadridge Financial Solutions’ electronic trading platform, has launched BondGPT, an OpenAI GPT-4-powered service designed to simplify workflows and improve efficiency for asset managers, hedge funds and dealers.
The solution uses a large language model chat function and a conversational interface to answer users’ bond-related questions and can help them in their identification of corporate bonds on the LTX platform.
By combining GBT-4 technology with LTX’s Liquidity Cloud, BondGPT provides timely, accurate data and allows clients to meet their compliance requirements, Broadridge says.
Jim Kwiatkowski, CEO of LTX, says: “Emerging technologies such as generative AI hold immense potential to drive electronification and transparency in the corporate bond market. By increasing the use of data and applications like BondGPT, market participants can inform and expedite vital pricing decisions, facilitate counterparty selection, and broaden liquidity access.”
Martin Koopman, chief product officer and co-head of AI at Broadridge, adds: “BondGPT adds generative AI to build on the AI neural network that LTX has used since launch. BondGPT is the first of many products and services Broadridge will release to our clients using this powerful technology in a safe manner, leveraging our deep regulatory knowledge and data privacy standards.”
