MarketAxess Enhances Partnership with BlackRock for Credit Trading

MarketAxess Expands Collaboration with BlackRock

MarketAxess Holdings Inc. (Nasdaq: MKTX), a leader in electronic trading for fixed-income securities, has announced an exciting development in its long-standing partnership with BlackRock. This recently enhanced collaboration aims to integrate MarketAxess' credit trading protocols, pricing, and analytics into BlackRock's Aladdin order execution management system (OEMS).

Advancing Trading Efficiency

This new phase of cooperation builds on the initial collaboration that began in 2013, focusing on Open Trading and MarketAxess analytics. The enhancement is set to improve the trading experience for clients using both Aladdin and MarketAxess by offering seamless integration of key credit trading protocols directly within the Aladdin platform.

Commitment to Client Success

Rich Schiffman, Global Head of Trading Solutions at MarketAxess, emphasized the significance of this partnership, stating, "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." Schiffman also expressed enthusiasm about introducing advanced automation protocols like Adaptive Auto-X to Aladdin clients.

Enhancing User Experience with Advanced Solutions

Kamya Somasundaram, Global Head of Aladdin Partnerships, shared her thoughts on the partnership, saying, "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." This expression of excitement underscores the synergistic potential of the alliance between MarketAxess and BlackRock.

The Aladdin Advantage

BlackRock’s Aladdin technology is a powerful platform that provides unified investment management solutions. It simplifies the investment management process through a common data language, empowering organizations to scale their operations and derive valuable insights. Combining risk analytics with portfolio management, trading, operations, and accounting tools, the Aladdin platform is uniquely positioned for institutional use, promising to reshape the landscape of credit trading.

About MarketAxess

MarketAxess (Nasdaq: MKTX) continues to be at the forefront of technological innovation in electronic trading. With a platform that brings together over 2,000 firms, MarketAxess helps institutional investors and broker-dealers trade fixed-income securities more efficiently. The firm’s renowned Open Trading marketplace is recognized as the leading solution for all-to-all trading in global credit markets. Founded in 2000, MarketAxess offers a comprehensive trading lifecycle solution that includes advanced automated trading, intelligent data products, and exceptional post-trade services.

Frequently Asked Questions

What is the significance of MarketAxess expanding its partnership with BlackRock?

This expansion enhances the integration of MarketAxess' trading protocols within BlackRock's Aladdin system, improving efficiency and user experience.

How will this partnership impact clients?

Clients using both platforms will benefit from an integrated trading experience, allowing for easier access to credit trading resources and tools.

What innovations does MarketAxess bring to the partnership?

MarketAxess will introduce its Adaptive Auto-X automation protocols and other leading solutions to enhance trading performance within the Aladdin platform.

Who are the key executives involved in this partnership?

Rich Schiffman and Kamya Somasundaram are key figures representing MarketAxess and BlackRock, respectively, in this collaboration.

What does Aladdin provide for institutional investors?

Aladdin offers comprehensive investment management tools that unify risk analytics and portfolio management processes, designed specifically for institutional use.

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