5 Major Banks Join LTX Corporate Bond Platform; Goldman and JP Morgan Lead Liquidity Push | LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis

Goldman Sachs, J.P. Morgan, TD Securities, Morgan Stanley and Bank of America have joined LTX as fully integrated liquidity providers on the AI-powered corporate bond trading platform, in a move that significantly expands the depth of liquidity available to buy-side investors in fixed income markets.

The five institutions join more than 40 existing liquidity providers and over 100 buy-side investors already active on the platform, which is backed by financial technology group Broadridge. J.P. Morgan and TD Securities will each appoint a representative to LTX’s Board of Directors as part of the arrangement.

Jim Kwiatkowski, Chief Executive of LTX, said the combination of the platform’s AI-powered trading tools with the market expertise and liquidity of the five incoming dealers positioned LTX to help transform corporate bond trading, reducing costs and improving execution quality for the market.

Chris Perry, President of Broadridge, welcomed the additions as a further demonstration of the company’s commitment to helping clients innovate through cost-effective technology, whilst Patrick Whelan, Global Head of FICC Digital Markets at J.P. Morgan, said the partnership would broaden investor access and enhance competition in the US credit multi-dealer platform landscape.

LTX uses patented artificial intelligence and execution protocols to facilitate direct, fully disclosed trading between dealers and buy-side clients. Its BondGPT Intelligence tool brings generative AI capabilities into trading workflows, helping users identify opportunities and execute more efficiently.

The platform was designed to address structural barriers that have slowed the electronification of corporate bond markets relative to other asset classes.