LTX adds agentic AI to BondGPT for automated trades

LTX, the AI-powered corporate bond trading venue backed by Broadridge Financial Solutions, has added agentic capabilities to its BondGPT application. The new features allow users to create AI agents that run continuously and act when user-defined market conditions occur.

Agents can monitor real-time market prices, surface trading opportunities, send automated alerts, create or populate trade tickets, select dealers, launch request-for-quote processes and accept prices to execute trades on the LTX platform. Traders set triggers, size limits and execution preferences that constrain agent activity.

Built-in controls require human approval for specified actions, enforce policy limits on trade size and scope, provide explainability before actions are taken and record full audit trails of agent activity for compliance and review.

According to Jim Kwiatkowski, CEO of LTX, “Agentic BondGPT brings practical, trader-controlled AI into fixed income investing and trading workflows by helping market participants define what matters, monitor the market continuously, and respond faster when the conditions they are looking for appear.” Kwiatkowski added the features are intended to let traders delegate selected tasks while retaining oversight.

LTX reported the launch comes as the platform has added several integrated liquidity providers, including Goldman Sachs, J.P. Morgan, TD Securities (through TD Financial Products LLC), Morgan Stanley and Bank of America. The platform hosts more than 40 liquidity providers and about 100 buy-side institutions.

BondGPT was introduced in 2023 as an AI application for corporate bond trading. LTX has expanded the app’s functionality since then, citing client feedback and recent advances in generative AI.