MarketAxess Strengthens Collaboration with BlackRock
MarketAxess Holdings Inc. (Nasdaq: MKTX), a leader in electronic trading focused on fixed-income securities, has announced an exciting update regarding its long-standing partnership with BlackRock. This enhanced collaboration aims to integrate MarketAxess' credit trading protocols, pricing, and analytics into BlackRock's Aladdin order execution management system (OEMS).
Improving Trading Efficiency
This new phase of collaboration builds on the initial partnership that started in 2013, which focused on Open Trading and MarketAxess analytics. The enhancement is designed to elevate the trading experience for clients utilizing both Aladdin and MarketAxess by providing seamless integration of essential credit trading protocols directly within the Aladdin platform.
Dedication to Client Success
Rich Schiffman, Global Head of Trading Solutions at MarketAxess, highlighted the importance of this partnership, stating, "Our two firms have a long-standing relationship and a history of successful collaboration to meet our clients’ liquidity, workflow, and data needs. As the market evolves, we’re witnessing increased adoption of our automation protocols, with many of our clients relying on our strategies for over 90% of their trading volumes." Schiffman also expressed excitement about bringing advanced automation protocols like Adaptive Auto-X to Aladdin clients.
Enhancing User Experience with Innovative Solutions
Kamya Somasundaram, Global Head of Aladdin Partnerships, shared her perspective 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 thrilled to partner with MarketAxess to enhance the trading experience for our users." Her enthusiasm emphasizes the synergistic potential of the alliance between MarketAxess and BlackRock.
The Aladdin Advantage
BlackRock’s Aladdin technology is a powerful platform that delivers unified investment management solutions. It streamlines the investment management process through a common data language, enabling organizations to scale their operations and gain valuable insights. By combining risk analytics with portfolio management, trading, operations, and accounting tools, the Aladdin platform is uniquely suited for institutional use, promising to transform the landscape of credit trading.
About MarketAxess
MarketAxess (Nasdaq: MKTX) remains at the forefront of technological innovation in electronic trading. With a platform that connects over 2,000 firms, MarketAxess assists institutional investors and broker-dealers in trading 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. Established in 2000, MarketAxess provides 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, thereby improving efficiency and user experience.
How will this partnership impact clients?
Clients utilizing both platforms will enjoy an integrated trading experience, facilitating easier access to credit trading resources and tools.
What innovations does MarketAxess bring to the partnership?
MarketAxess plans to 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 the 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, specifically designed for institutional use.
