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Tradeweb teams with BlackRock to further electronify corporate bond market
The Fly

Tradeweb teams with BlackRock to further electronify corporate bond market

Tradeweb Markets announced it has entered into a multi-year partnership with BlackRock to seamlessly integrate Tradeweb’s credit trading solutions and data into BlackRock’s Aladdin order execution management system OEMS. This partnership, which focuses on corporate, municipal, and emerging market bonds, will deliver a unique integrated trading experience between Tradeweb and BlackRock, and provide users with powerful collaboration across the trade lifecycle. In turn, Tradeweb will strengthen its credit platform and broaden its network through greater connectivity with the Aladdin platform. The multi-year roadmap includes a number of features that enable clients with more efficient and seamless access to Tradeweb innovations. The first phase of the product roadmap will allow common clients to be able to view Tradeweb’s AiPrice which provides real-time prices for nearly 25,000 corporate bonds on the Aladdin platform. Chris Bruner, Chief Product Officer at Tradeweb said: "The Aladdin platform provides extensive multi-asset OEMS capabilities, and this integration will provide its users with more efficient access to our suite of protocols. By tapping Tradeweb’s institutional, wholesale and retail liquidity, plus connecting related markets such as Treasuries and ETFs, Aladdin users will reap the benefits of this breadth of liquidity, more choice and an arsenal of innovative trading protocols and products." Tradeweb continues to report significant growth across the credit platform, with average daily volume in credit trading globally at Tradeweb averaging more than $29.7bn over the first three quarters of 2022. In the last five years, the firm’s share of fully electronic U.S. High Grade TRACE has increased nearly 6-fold, while the firm’s share of fully electronic U.S. High Yield TRACE has increased 5-fold .

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