MarketAxess announces expanded partnership with BlackRock

MarketAxess Holdings (MKTX) announced an expansion of its decade-long partnership with BlackRock (BLK) to seamlessly integrate MarketAxess credit trading protocols, pricing and data into BlackRock’s Aladdin order execution management system OEMS. This announcement builds on the MarketAxess and BlackRock partnership in Open Trading and MarketAxess analytics that began in 2013. The new connectivity will provide common clients of Aladdin and MarketAxess with an enhanced trading experience through integration of select MarketAxess credit protocols natively within the Aladdin platform. “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,” said Rich Schiffman, Global Head of Trading Solutions at MarketAxess. “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.”