Broadridge Financial Solutions Inc. has been granted a new U.S. patent for its innovative orchestration of machine learning agents using large language models (LLMs). These patented technologies form the foundation of BondGPT, Broadridge’s award-winning generative AI application, initially launched within LTX’s e-trading platform, a Broadridge subsidiary.
Debuted in June 2023 with its enterprise-grade iteration, BondGPT+, following in October 2023, these applications leverage OpenAI GPT models combined with the coordination of multiple AI agents. This approach enables secure, timely, and highly accurate responses to natural language queries by simultaneously retrieving and analyzing data from diverse datasets and sophisticated analytical models.
Jim Kwiatkowski, CEO of LTX, remarked, “We are consistently developing innovative data science and execution capabilities to improve our clients’ pre-trade and trade execution workflows. As we reflect on the positive feedback we’ve received about the value and uniqueness of BondGPT, it’s validating to receive this patent for our innovations. We will continue to work closely with clients integrating AI into their workflows to increase productivity and optimize trading.”
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BondGPT and BondGPT+ empower corporate bond traders, portfolio managers, and analysts across buy- and sell-side institutions with personalized and AI-enhanced trading tools. By applying Broadridge’s patented LLM orchestration methods, BondGPT+ seamlessly integrates proprietary client data, third-party datasets, and advanced personalization features. This delivers unmatched access to critical pre-trade information and models, significantly boosting operational efficiency and saving users valuable time.
Key patented innovations outlined in U.S. Patent No. 12,061,970 include:
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Explainability: The “Show your work” feature provides step-by-step transparency into how the LLM orchestration outputs are generated.
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Multi-agent adversarial mechanism: Enhances output accuracy through robust agent collaboration.
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AI-driven compliance verification: Customizable compliance rules adapt to an enterprise’s specific compliance and risk management protocols.
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User Profile Utilization: Leverages user roles to tailor data retrieval and enforce security measures.
This patent announcement builds on LTX’s ongoing momentum, complementing prior patented breakthroughs in fixed income trading technology such as bond similarity metrics, dealer selection scoring, liquidity aggregation, and the RFQ+ trading protocol.