MarketAxess is set to expand its decade-long partnership with BlackRock, integrating its credit trading protocols, pricing and data into BlackRock’s Aladdin order execution management system (OEMS).
Rich Schiffman, global head of trading solutions at MarketAxess, said: “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.
“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.”
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