Broadridge’s LTX announces Jim Kwiatkowski as CEO, Jim Toffey as Chairman

Rick Steves

LTX, Broadridge’s AI-driven digital trading business, has promoted Jim Kwiatkowski to the role of Chief Executive Officer. 

LTX, Broadridge’s AI-driven digital trading business, has promoted Jim Kwiatkowski to the role of Chief Executive Officer and announced co-founder Jim Toffey as the new Chairman of the Board.

Jim Kwiatkowski is an industry veteran with more than 20 years in the electronic trading industry under his belt. He joined LTX in 2021 as Chief Revenue Officer, and spearheaded significant business, commercial, and operational developments, including strategic integrations with key OEMS partners and growth of the buy-side and dealer client base.

The senior executive reshuffle at LTX has also seen Jim Toffey, co-founder of LTX, succeeding Art Certosimo as Chairman of the LTX Board of Directors. Jim Toffey will continue to promote innovation and advise on strategy and evolving market structure. Art Certosimo will remain on the LTX Board.

LTX advancing the structure of the corporate bond market

Vijay Mayadas, President of Capital Markets at Broadridge, said: “Jim Kwiatkowski is a proven leader with the right expertise to scale the LTX platform and drive it forward. Jim Toffey’s entrepreneurial vision has been instrumental in establishing LTX as a differentiated platform that enables dealers and their buy-side customers to connect and trade more efficiently.”

Jim Kwiatkowski, Chief Executive Officer at LTX, said: “LTX’s mission and goal is more relevant than ever– to solve the deep and complex liquidity issues in the credit markets through the use of AI and advanced trading protocols. Since launching, LTX has made incredible strides toward advancing the structure of the corporate bond market for the benefit of all market participants. I am thrilled to have the opportunity to lead the team as we build upon that foundation.”

“I am excited to hand the day-to-day reigns over to Jim Kwiatkowski where his immense electronic markets experience will drive innovation in the credit markets through AI and innovative trading protocols,” said Jim Toffey.

LTX was launched in 2020 and has since attracted many of the world’s leading asset managers and dealers, with over $7 billon in initiated firm orders and an average daily volume of $26 billon in the Liquidity Cloud.

Among the many LTX clients is Charles River IMS, which has completed integration with the AI-powered digital trading platform in March. The firm’s OEMS users are now leveraging LTX to better access aggregated liquidity, transparency and price discovery within their existing workflows through their existing relationships with their dealers.

The LTX e-trading platform uses data science and its own patented trading protocol, RFX, to provide the buy-side and sell-side with a more complete view into pre-trade and post-trade liquidity, ultimately helping market participants facilitate natural liquidity discovery and find best execution.

Read this next

Retail FX

Banxso announces 8.7% interest rate on deposits in South Africa

“With Banxso, they can enjoy the benefits of both worlds – earning competitive interest and having the freedom to trade, all within the same platform.”

Industry News

FINRA to publish transaction details in U.S. Treasury securities

“Consistent with our longstanding practice, FINRA is introducing greater transparency in a calibrated and careful manner, benefiting liquidity and resilience in this critical market while also mitigating potential information leakage concerns.”

Institutional FX

OpenYield launches “cheap and easy” fixed income trading for brokers

“We’re on a mission to make bonds cheap and easy to trade, and are excited about the opportunity to build generational capital markets infrastructure.”

Digital Assets

Sumsub and Mercuryo publish a guide for VASPs: “Mastering Travel Rule Compliance”

“At Sumsub, we’ve concentrated our efforts on filling the gap in understanding the complexity of Travel Rule regulation and helping organizations find the best solution to stay safe and compliant while minimizing costs and avoiding potential risks of non-compliance. This guide we created with Mercuryo, our trusted partner, is the ultimate navigation tool all VASPs can consult.”

Digital Assets

Bitget Wallet Leads with Record Swap Volume & New Crypto Innovations

This week, Bitget Wallet achieved a milestone by surpassing Metamask with a record 388,757 Swap order transactions, securing the global lead. The significant 7-day trading volume, almost 68,000 more than its rival, underscores its liquidity and user trust. This robust activity signals Bitget Wallet’s prominent role and reliability in the dynamic crypto market.

Digital Assets

Embarking on a Digital Currency Journey

Imagine you’ve stumbled upon a treasure map, leading you to untold riches hidden in the vastness of the internet. Instead of gold coins and jewel-encrusted goblets, this treasure comes in the form of digital currencies, the modern-day loot coveted by many.

Reviews

Traders Union Experts Share The Trading Analyst Review For 2024

Navigating options trading in rapidly shifting markets poses a considerable challenge. This is where options trading alert services become invaluable. They aid traders in keeping abreast of evolving opportunities and market trends. In this assessment, Traders Union experts scrutinize The Trading Analyst alert service to ascertain its efficacy. 

Digital Assets

BlockDAG’s Presale Achieves $9.9M: Aiming For A 5000-Fold ROI As Cardano’s Price Rises And Fantom Launches Sonic

Explore Cardano’s surge, Sonic’s efficiency, and why BlockDAG’s growth makes it the top crypto choice. A deep dive into the future of blockchain investments.

Digital Assets

US, UK probe $20 billion Tether transfers tied to Russian exchange.

U.S. and UK authorities are investigating the movement of $20 billion in the USD-pegged stablecoin tether (USDT) through Moscow-based exchange Garantex.

<