Vendors
日本語
search
  2. //
  3. Reports & insights
  4. //
  5. BondGPT: Supporting Fixed Income Analytics and Trading with Generative AI

BondGPT: Supporting Fixed Income Analytics and Trading with Generative AI

Create a vendor selection project
Click to express your interest in this report
Indication of coverage against your requirements
A subscription is required to activate this feature. Contact us for more info.
Celent have reviewed this profile and believe it to be accurate.
We are waiting for the vendor to publish their solution profile. Contact us or request the RFX.
Projects allow you to export Registered Vendor details and survey responses for analysis outside of Marsh CND. Please refer to the Marsh CND User Guide for detailed instructions.
Download Registered Vendor Survey responses as PDF
Contact vendor directly with specific questions (ie. pricing, capacity, etc)
22 September 2023
Jean Sullivan

Finally, a breakthrough wealth management generative AI use case!

Abstract

BondGPT is the first of many generative AI offerings in the Broadridge pipeline. Broadridge has created an innovative and intuitive user experience for bond analysts and traders who use the fixed income analytics and trading platform developed by their subsidiary, LTX. Along with LTX's proprietary AI-based scoring of bond liquidity, similarity, and dealer service, BondGPT addresses many of the pain points felt by its users. But more important, BondGPT is a transformative LLM use case that eliminates or significantly reduces the well-documented risks associated with LLMS.

Celent believes that BondGPT is a powerful tool, representing a breakthrough application in the wealth management industry, and looks forward to reporting on its continued evolution.

DESCRIPTION OF THE APPLICATION

Powered by OpenAI Large Language Model GPT-4, BondGPT enables fixed income analysts and traders to perform pre-trading analytics of corporate bonds against a broad range of databases using natural language. It is fully integrated with LTX’s trading platform as well as with LTX’s proprietary AI models that score a bond’s liquidity and similarity to other instruments, as well as, dealer strength.

Some of the core benefits include:

·Immediate accessibility to information housed across multiple databases.

·Intuitive user interface, nominal training required.

·Speed of results: Queries take almost no time to create, since they are just natural language, and results generally are returned within 20 seconds. The chatbot is always available and takes up only a minimal amount of screen real estate.

This solution brief examines BondGPT in great detail and can be used to guide other generative AI initiatives.

Client Access