“LTX by Broadridge Launches BondGPT™ Powered by OpenAI GPT-4”, 2023-06-06 ():
LTX, a subsidiary of Broadridge Financial Solutions Inc. (NYSE:
BR), today announced the launch of BondGPT, an application powered by OpenAI GPT-4 that answers bond-related questions and assists users in their identification of corporate bonds on the LTX platform. By incorporating real-time liquidity information from the LTX Liquidity Cloud®, this application will simplify workflows and bring further efficiency to users in their often-complex bond selection and portfolio construction processes, benefiting asset managers, hedge funds and dealers.…BondGPT offers a large language model (LLM) chat function that allows users to ask questions and identify corporate bonds on the LTX trading platform based upon the user’s criteria. The new, conversational interface leverages LTX’s Liquidity Cloud and patent-pending bond similarity technology, which filters based upon a vast set of user-adjusted parameters to assist in identifying bonds with similar characteristics to meet traders’ real-time liquidity needs. BondGPT combines the power of GPT-4 with LTX’s patent-pending analytics and comprehensive underlying dataset for data timeliness, accuracy and compliance in a highly regulated financial services sector, avoiding hallucination issues common in other implementations.
…“BondGPT powered by OpenAI GPT-4 is available to all Broadridge LTX clients today”, said Martin Koopman, Chief Product Officer and Co-Head of AI, Broadridge. “It 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.”