Liquidnet Partners With Boltzbit To Boost Bond Deal Processing

Liquidnet, a top technology-focused company that helps execute trades, has announced a partnership with Boltzbit, an innovative startup in artificial intelligence. They aim to improve how they handle workflows in the primary markets for fixed income.

According to the update, Liquidnet now uses Boltzbit’s artificial and machine learning technology, which helps them process and show new bond announcements faster. The company thinks this partnership will speed up handling messy deal data and get bonds ready for trading quickly.

Boltzbit Enables Liquidnet To Explore Data With Natural Language Questions

Mark Russell, Liquidnet’s Head of Fixed Income Strategy, said the new system lets Liquidnet ask questions about the data using everyday language.  He added that instead of traditional reports, Boltzbit allowed the firm to explore the data with natural language questions and get dynamic reports.

The report reveals that Liquidnet has previously used artificial intelligence in the bond market. Last year, the company partnered with BondIT to improve market insights for over 700 fixed-income firms.

Liquidnet announced that trading volumes have increased in its new issue order book since starting its primary market services in 2022. The company said more than 35 European banks are now involved in its syndicate desk.

Dr. Yichuan Zhang, the Co-founder and Chief Executive Officer of Boltzbit, said technology can still bring improvements to bond primary markets. He highlighted the company’s enthusiasm in teaming up with Liquidnet and TP ICAP.

Boltzbit Considers General Artificial Intelligence A Financial Service Trend

Boltzbit sees General Artificial Intelligence (GenAI) as the upcoming big thing in financial services, offering chances to boost productivity and develop novel products and services. Zhang believes the top companies that will adopt this trend will benefit greatly.

This partnership came after Liquidnet had previously worked with BondAuction and NowCM as part of its plan to update primary markets. The company noted that these alliances aim to make things more efficient and connected for investors, issuers, and banks.

In the last two weeks, Liquidnet made two notable changes in its team. Tim Cunningham started as the new managing director of one significant section, Outsourced Foreign Exchange Trading and Sales. He took the post at the start of this month. He had been a Director at Marex.

Jeffrey Crane became Liquidnet’s Head of International for the Americas a week later. This appointment strengthens the company’s ability to trade internationally, covering operations in 57 global stock markets.