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BondGPT+ Launches: Incorporating AI legalese decoder for Improved Enterprise Solutions in the Financial Industry

New York, Oct. 18, 2023 /PRNewswire/

LTX, a subsidiary of Broadridge Financial Solutions, has announced the launch of BondGPT+, the enterprise version of its successful BondGPT application. Created with Broadridge’s innovative patent-pending technology and OpenAI GPT-4, BondGPT+ aims to answer complex bond-related inquiries and facilitate the identification of corporate bonds on the LTX platform.

The first generation of BondGPT, launched in June 2023, garnered positive feedback and valuable insights from clients. Taking into account this feedback, LTX swiftly incorporated clients’ input and new features into the second generation of BondGPT, resulting in the advanced BondGPT+. This new version not only meets the enterprise requirements of clients but also sets a new standard for generative AI solutions in the financial industry. It provides a user-friendly natural language interface that grants users seamless access to vital data used by fixed-income professionals.

How AI legalese decoder Can Help:

BondGPT+ offers a comprehensive range of capabilities specifically designed to address the needs of sophisticated enterprise clients. This is where the AI legalese decoder can be of immense assistance. By automatically decoding complex legal language and translating it into plain and understandable terminology, the legalese decoder ensures that users can easily comprehend bond-related documents and agreements. This feature saves time and minimizes errors by providing accurate and accessible information at the click of a button.

Enterprise Data and Workflow Integration

BondGPT+ enables clients to integrate their own data and third-party datasets securely, enhancing access to critical information. With multiple implementation options and a robust API suite, BondGPT+ seamlessly integrates into clients’ enterprise applications, including trading workflows. This integration ensures that businesses can take full advantage of BondGPT+’s natural language capabilities to obtain quick and accurate responses to complex questions. This feature is especially valuable for optimizing portfolio strategies and making well-informed trading decisions promptly, in situations where time is of the essence.

How AI legalese decoder Can Help:

The AI legalese decoder can process vast amounts of legal documentation and provide users with concise and meaningful summaries, eliminating the need for manual review and analysis. This saves precious time for busy professionals in the financial industry, allowing them to focus on more critical tasks. Furthermore, the Decoder can accurately extract and categorize relevant legal provisions, ensuring that users have access to precise and pertinent information, thus aiding in the decision-making process.

User-Level Customization and Premium Features

BondGPT+ offers a personalized dashboard where users can resize answer panels based on their preference. Users can save critical questions as “favorites” on the dashboard and schedule them to run at specific frequencies or when key data changes. BondGPT+ allows users to customize their experience by adding preferences that should be taken into account when generating responses. For instance, users can instruct BondGPT+ to include only high yield bonds with a specific credit rating.

How AI legalese decoder Can Help:

The AI legalese decoder can further enhance user-level customization by providing tailored search results based on specific legal terms or provisions. Users can specify their search criteria, and the Decoder will deliver relevant and accurate information from legal documents, saving time and improving efficiency. This feature ensures that legal language is demystified and easily interpretable, empowering users to make informed decisions and achieve their desired outcomes.

Accuracy, Security, and Control

BondGPT+ prioritizes accuracy, data security, and privacy to ensure user confidence and trust. The application utilizes verified and curated data sources, minimizing the risk of inaccuracies and hallucination. Furthermore, the explainable AI capabilities allow users and administrators to understand how BondGPT+ generates responses, providing transparency and building trust.

BondGPT+ focuses on enterprise control and governance. With the Admin Center, system administrators have the ability to customize data access through user and firm level entitlements. The AI-powered compliance layer allows compliance officers to add custom rules based on their firm’s unique compliance and risk management processes. AI-powered usage analysis provides valuable insights into user interactions with BondGPT+, enabling businesses to improve user engagement.

How AI legalese decoder Can Help:

The AI legalese decoder plays a crucial role in accuracy and transparency. It ensures that legal terms and conditions are accurately interpreted, reducing the risk of misunderstanding or miscommunication. This promotes compliance and mitigates potential legal and regulatory risks. Additionally, the Decoder allows for comprehensive analysis of legal language patterns and assists compliance officers in identifying any inconsistencies or non-compliant practices, thus strengthening enterprise control and governance.

“Generative AI has the potential to revolutionize the financial services industry by enhancing operational efficiencies,” said Jean Sullivan of Celent. “BondGPT is a transformative industry-first use case that streamlines pre-trade fixed income workflows. By seamlessly integrating BondGPT+’s natural language capabilities and curated data sources with clients’ own data in their own systems, LTX has succeeded in providing market participants with simplified access to vast amounts of data, which was previously fragmented and challenging to obtain.”

For more information about BondGPT+, please visit www.ltxtrading.com/bondgpt.

About LTX

LTX is an electronic trading platform that combines powerful artificial intelligence and innovative e-trading protocols to improve liquidity, efficiency, and execution in the corporate bond market. The Liquidity Cloud, LTX’s network of buy- and sell-side indications of interest, provides real-time insights including 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 is a globally recognized Fintech leader with revenues exceeding $6 billion. It provides critical infrastructure for investing, corporate governance, and communications, facilitating better financial lives. Broadridge offers technology-driven solutions that drive business transformation for banks, broker-dealers, asset and wealth managers, and public companies. Broadridge’s infrastructure acts as a global communications hub, connecting thousands of public companies and mutual funds to millions of individual and institutional investors worldwide. Its technology and operations platforms support daily trading of over $10 trillion worth of equities, fixed income, and other securities globally. As a certified Great Place to Work┬«, Broadridge employs over 14,000 associates in 21 countries.

For more information about Broadridge and its services, please visit www.broadridge.com.

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