MarketAxess has expanded its decade-long partnership with BlackRock to integrate its credit trading protocols, pricing and data into the latter’s Aladdin order execution management system (OEMS).
Rich Schiffman
The new connectivity will offer mutual clients an enhanced trading experience through the integration of select MarketAxess credit protocols natively within the Aladdin platform.
“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.”
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BlackRock’s Aladdin technology platform offers a common data language within an organisation to enable scale, provide insights, and support business transformation.
Risk analytics are combined with portfolio management, trading, operations, and accounting tools on a single, unified platform.
“As the electronification of credit markets continues to accelerate, the demand for robust liquidity, sophisticated workflows, and analytics grows,” said Kamya Somasundaram, global head of Aladdin Partnerships. “We are excited to partner with MarketAxess to deliver an improved trading experience for our users.”