LTX Upgrades BondGPT

Four months after launching its BondGPT application, Broadridge subsidiary LTX has launched an updated, enterprise, version of the AI-driven solution, BondGPT+.

The firm says BondGPT+ allows clients to securely integrate their own data and other third-party datasets, providing access to critical information. It offers multiple implementation options and an API suite, and integrates into clients’ enterprise applications, including trading workflows. “This means businesses can harness the full spectrum of BondGPT+’s natural language capabilities to receive quick answers to complex questions, which can help clients optimise portfolio strategies and make better-informed trading decisions when time is of the essence,” LTX states.

There is a personalised BondGPT+ dashboard with resizable answer panels to allow users to take up as much or as little screen real estate as required. Critical questions can be saved as “favourites” on the dashboard and scheduled to run at a desired frequency, time of day, or when key data changes. Users can tailor BondGPT+ to their requirements by adding preferences that should be considered when generating responses. For example, if a user or firm has a policy where they only trade high yield bonds that are above a certain credit rating, BondGPT+ can be instructed to only include those types of bonds in its responses.

LTX says from the first instance, BondGPT was created with architectural design patterns that ensure accuracy, data security, and privacy. These principles are equally central to BondGPT+ enterprise implementations, it explains, adding they are especially critical given the capabilities within BondGPT+ to integrate with proprietary client data and systems.

Because it was purpose-built for institutional fixed income users, accuracy is paramount, the firm continues, stressing the new version continues this heritage. The application relies on verified, curated data sources, which mitigates hallucination risk and eliminates the need to pass sensitive data through the large language model. Further, explainable AI capabilities allow users and administrators to understand how BondGPT+ arrives at its responses. The patent-pending technology behind the “Show your work” feature offers transparency by showing, step-by-step, how each response was created, “LTX explains.

“Generative AI has the potential to transform the financial services industry by bringing unparalleled efficiencies to core operations,” says Jean Sullivan of Celent. “BondGPT is a transformative industry-first use case that enables streamlined pre-trade fixed income workflows. By integrating BondGPT+’s natural language capabilities and curated data sources with clients’ own data in their own systems, LTX is helping market participants make smarter, more streamlined decisions through easier access to the mountains of disparate data they deal with every day.”