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BlackRock and Tradeweb to Create a Fully Integrated Electronic Rates Trading Solution
|By Business Wire
|May 14, 2014 10:01 AM EDT
BlackRock, Inc. (NYSE:BLK) and Tradeweb Markets LLC 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 utilizing 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
powerful combination of order management, pricing, and execution tools
providing clients with increased ability to recognize trading
opportunities. The strategic 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 transparent 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,”
said 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,” said 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 strategic alliance will integrate the Aladdin Trading Network with
Tradeweb’s leading technology and market share in the liquid rates and
derivatives markets. The alliance continues the mission of Aladdin
Trading Network to bring additional pricing, liquidity, and execution
tools to the Aladdin community with the goal of aggregating fragmented
external liquidity, increasing efficiencies, and streamlining trading
BlackRock is a leader in investment management, risk management and
advisory services for institutional and retail clients worldwide. At
March 31, 2014, BlackRock’s AUM was $4.401 trillion. BlackRock helps
clients meet their goals and overcome challenges with a range of
products that include separate accounts, mutual funds, iShares®
(exchange-traded funds), and other pooled investment vehicles. BlackRock
also offers risk management, advisory and enterprise investment system
services to a broad base of institutional investors through BlackRock
Solutions®. Headquartered in New York City, as of March
31, 2014, the firm had approximately 11,500 employees in more than 30
countries and a major presence in key global markets, including North
and South America, Europe, Asia, Australia and the Middle East and
Africa. For additional information, please visit the Company’s website
Aladdin® is an operating system for investment managers that connects
the information, people and technology needed to manage money in real
time. The Aladdin platform combines sophisticated risk analytics with
comprehensive portfolio management, trading and operations tools on a
single platform to power informed decision-making, effective risk
management, efficient trading and operational scale. Aladdin Trading
Network is Aladdin’s liquidity portal, leveraging connectivity to
aggregate external liquidity and integrate the marketplace within
For additional information, please visit www.blackrocksolutions.com.
About Tradeweb Markets
Tradeweb Markets builds and operates many of the world’s most efficient
financial marketplaces, providing market participants with greater
transparency and efficiency in fixed income and derivatives. Focused on
applying technology to enhance efficiency throughout the trade
lifecycle, Tradeweb pioneered straight-through-processing in fixed
income and now supports marketplaces for over 20 asset classes with
electronic execution, processing, post-trade analysis and market data in
an integrated workflow. Tradeweb Markets serves the dealer-to-customer
markets through the Tradeweb institutional platform, inter-dealer
trading through Dealerweb, and the retail fixed income community on
Tradeweb Direct. Customers rely on Tradeweb to drive the evolution of
fixed income and derivatives through flexible trading architecture and
more efficient, transparent markets.
For more information, visit www.tradeweb.com.
BlackRock cannot be held responsible for any direct or incidental loss
resulting from applying any of the information provided in this
publication or from any other source mentioned. BlackRock is not engaged
in rendering any legal, tax or accounting advice. Please consult with a
qualified professional for this type of advice. The opinions expressed
are as of May 14, 2014 and may change as subsequent conditions vary.
BlackRock® is a registered trademark of BlackRock, Inc. All other
trademarks are the property of their respective owners. © 2014
BlackRock, Inc. All rights reserved.
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