TD Bank Joins LTX, A Broadridge Company, As a Liquidity Provider

Core Insights - LTX, an AI-powered corporate bond trading platform, has announced that TD Bank has joined its e-trading platform, enhancing liquidity for institutional clients [1] - The partnership aims to address challenges in the corporate bond market, including high trading costs and limited e-trading options for large trades [1][2] - LTX utilizes patented AI and execution protocols to improve liquidity and efficiency in corporate bond trading [3] Company Developments - TD Bank will contribute axes to LTX's Liquidity Cloud and use the RFQ+ protocol to provide Investment Grade and High Yield bond liquidity [1] - Recent innovations from LTX include BondGPT and BondGPT+, which assist users in identifying corporate bonds and answering complex queries [2] - LTX's Liquidity Cloud offers real-time buy- and sell-side indications of interest, enhancing trading efficiency [3] Broadridge Overview - Broadridge Financial Solutions is a global technology leader that supports clients in the financial services industry [4] - The company processes over 7 billion communications annually and underpins daily trading of more than $10 trillion of securities globally [4] - Broadridge is part of the S&P 500 Index and employs over 14,000 associates across 21 countries [4]