BlackRock and Tradeweb Markets have formed a strategic alliance to create electronic trading solutions in the rates and derivatives markets.
The Aladdin community, made up of BlackRock and BlackRock Solutions’ clients using Aladdin, the firm’s investment and risk system, will benefit from a fully integrated trading experience.
The alliance will fuse the Tradeweb marketplace with Aladdin to create a combination of order management, pricing, and execution tools providing clients with increased ability to recognise trading opportunities. The alliance will also benefit the broader investment community by bringing enhanced market data and trading tools to Tradeweb clients.
Through this initiative, the Aladdin community will gain access to Tradeweb’s pricing from over 40 liquidity providers through the Aladdin Trading Network, a liquidity portal within Aladdin that leverages connectivity to aggregate external liquidity and integrate the marketplace within Aladdin’s tools.
“Integrating Aladdin with Tradeweb’s global rates and derivatives platform delivers a more streamlined and enhanced trading experience,” says Sudhir Nair, incoming global head of the Aladdin business. “Given regulatory and workflow pressures in the rates and derivatives markets, partnering with Tradeweb to aggregate liquidity and increase efficiencies in trading is a natural extension of the Aladdin Trading Network and delivers immediate value to the Aladdin community.”
“We have always focused on deploying the most efficient means of trading liquid and transparent markets at Tradeweb, and our partnership with Aladdin is a great step forward in providing investors with a fully automated workflow,” says Lee Olesky, CEO of Tradeweb. “As the industry leader in driving flexible, electronic solutions for rates trading, we look forward to the greater synergies and opportunities this collaboration will bring to the investing community.”
The alliance will integrate the Aladdin Trading Network with Tradeweb’s technology and market share in the liquid rates and derivatives markets.
