ChatGPT is far from the only A.I. application on the market. A number of hedge funds have been using A.I. to help with mundane back-office work, from data entry to client communications, and JPMorgan Chase is leveraging the technology to help predict Federal Reserve officials actions. The bank even filed a trademark application earlier this year for “IndexGPT,” an A.I. software service that can be used for the “selection of financial securities and financial assets.” But on Wednesday, Fortune got an inside look at one of the latest generative A.I. tools institutional investors are using—BondGPT.
The institutional fixed income broker dealer LTX, a subsidiary of the $18 billion fintech firm Broadridge Financial Solutions, just released its own generative A.I tech, based on OpenAI’s GPT-4, to help answer bond-related questions and identify tradable corporate bonds on their platform. Jim Kwiatkowski, CEO of LTX, told Fortune that he hopes the product helps bond traders better “inform and expedite vital pricing decisions” by aggregating all of LTX’s A.I. tools into an easy-to-use chatbot.
