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- Applying generative AI to investing, Broadridge Financial Solutions' (NYSE:BR) LTX unit has launched BondGPT, an application powered by OpenAI GPT-4 that answers bond-related questions and assists users in identifying corporate bonds on the LTX platform.
- The application, incorporating real-time liquidity information, is designed to simplify workflow and increase efficiency to users in their often-complex bond selection and portfolio construction processes, benefiting asset managers, hedge funds, and dealers.
- "By increasing the use of data and applications like BondGPT, market participants can inform and expedite vital pricing decisions, facilitate counterparty selection, and broaden liquidity access," said Jim Kwiatkowski, CEO of LTX.
- BondGPT provides a large language model (LLM) chat function that allows users to ask questions and identify corporate bonds on the LTX trading platform based on the user's criteria.
- Last month, JPMorgan Chase (JPM) filed a trademark application for what appears to be a ChatGPT-like investment advice service.