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

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.