09.09.2024

MarketAxess Expands Partnership with BlackRock

09.09.2024
MarketAxess Expands Partnership with BlackRock

MarketAxess Holdings, the operator of a leading electronic trading platform for fixed-income securities, announced an expansion of its decade-long partnership with BlackRock to seamlessly integrate MarketAxess credit trading protocols, pricing and data into BlackRock’s Aladdin® order execution management system (OEMS).

This announcement builds on the MarketAxess and BlackRock partnership in Open Trading and MarketAxess analytics that began in 2013. The new connectivity will provide common clients of Aladdin and MarketAxess with an enhanced trading experience through integration of select MarketAxess credit protocols natively within the Aladdin platform.

“Our two firms have a long-standing relationship and history of successful collaboration to cater to our clients’ liquidity, workflow and data needs. As the market evolves, we’re seeing increased adoption of our automation protocols, with many of our clients turning to our strategies for over 90% of their trading volumes,” said Rich Schiffman, Global Head of Trading Solutions at MarketAxess. “We look forward to bringing the latest of our automation protocols, Adaptive Auto-X, as well as our market leading RFQ solutions, Open Trading, and Live Markets central limit order book directly to Aladdin clients through this partnership.”

Kamya Somasundaram, Global Head of Aladdin Partnerships said: “As the electronification of credit markets continues to accelerate, the demand for robust liquidity, sophisticated workflows, and analytics grows. We are excited to partner with MarketAxess to deliver an improved trading experience for our users.”

BlackRock’s Aladdin technology platform unifies the investment management process by providing a common data language within an organization to enable scale, provide insights, and support business transformation. It combines sophisticated risk analytics with comprehensive portfolio management, trading, operations, and accounting tools on a single, unified platform. BlackRock’s Aladdin platform is a financial technology platform designed for institutional use only and is not intended for end investor use.

Source: MarketAxess

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