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NEW YORK, November 30, 2022 – LTX, Broadridge Financial Solutions, Inc.’s [BR: NYSE] artificial intelligence (AI)-driven digital trading business, today announced that Jim Kwiatkowski has been promoted to the role of CEO of LTX.
Jim Toffey, co-founder of LTX, will succeed Art Certosimo as Chairman of the LTX Board of Directors. In his role as Chairman, Jim Toffey will continue to promote innovation and advise on strategy and evolving market structure. Art Certosimo will remain on the LTX Board.
Mr. Kwiatkowski is an industry veteran, having spent more than 20 years in the electronic trading industry. Since joining LTX in 2021 as Chief Revenue Officer, Kwiatkowski spearheaded significant business, commercial, and operational developments, including strategic integrations with key OEMS partners and growth of the buy-side and dealer client base.
“Jim Kwiatkowski is a proven leader with the right expertise to scale the LTX platform and drive it forward,” said Vijay Mayadas, President of Capital Markets at Broadridge. “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.”
“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,” said Jim Kwiatkowski. “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.
Since its launch in 2020, LTX has 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.
About LTX
LTX is an electronic trading platform that enables corporate bond market participants to trade smarter, combining powerful, patented artificial intelligence with innovative e-trading protocols to improve liquidity, efficiency, and execution. The Liquidity Cloud is the LTX network of anonymous real-time buy- and sell-side indications of interest which include CUSIP, direction, price, and size. LTX is a division of Broadridge Business Process Outsourcing LLC, the broker-dealer subsidiary of Broadridge Financial Solutions.
For more information about LTX, please visit www.ltxtrading.com.
About Broadridge
Broadridge Financial Solutions (NYSE: BR) is a global technology leader with the trusted expertise and transformative technology to help clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences.
Our technology and operations platforms process and generate over 7 billion communications per year and underpin the daily trading of more than $10 trillion of securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 14,000 associates in 21 countries.
For more information about us, please visit www.broadridge.com.
To contact media relations, please email us at mediarelations@broadridge.com.