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New AI-Powered RFQ+ Protocol Launched by LTX, a Broadridge company

PR Newswire - Thu Jun 22, 2023

Enhanced version of the industry standard RFQ protocol facilitates larger trades using patent-pending aggregation capability

NEW YORK, June 22, 2023 /PRNewswire/ -- To better facilitate large trade sizes and reduce information leakage, LTX, a subsidiary of Broadridge Financial Solutions Inc. (NYSE: BR), today announced the launch of RFQ+, a patent-pending enhanced RFQ protocol that combines pre-trade dealer selection analytics with liquidity aggregation capabilities. RFQ+ builds on existing RFQ workflows and facilitates larger trades by aggregating multiple dealer responses for their desired amounts. RFQ+ was developed based upon client feedback as a complement to LTX's unique RFX protocol. Through RFQ+ and the recent launch of BondGPT powered by OpenAI GPT-4, LTX is driving innovation with the next generation of AI-enabled workflows.

Read more at prnewswire.com

Provided Content: Content provided by PR Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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