MarketAxess Announces Expanded Partnership with BlackRock to Deliver Enhanced Connectivity and Efficiency to Global Credit Markets
MarketAxess Holdings Inc. (Nasdaq: MKTX) has announced an expansion of its decade-long partnership with BlackRock to enhance connectivity and efficiency in global credit markets. The collaboration will integrate MarketAxess credit trading protocols, pricing, and data into BlackRock's Aladdin® order execution management system (OEMS). This builds on their existing partnership in Open Trading and MarketAxess analytics that began in 2013.
The integration aims to provide common clients of Aladdin and MarketAxess with an improved trading experience through native integration of select MarketAxess credit protocols within the Aladdin platform. The partnership will bring MarketAxess' latest automation protocols, including Adaptive Auto-X, RFQ solutions, Open Trading, and Live Markets central limit order book directly to Aladdin clients.
MarketAxess Holdings Inc. (Nasdaq: MKTX) ha annunciato un'espansione della sua partnership decennale con BlackRock per migliorare la connettività e l'efficienza nei mercati creditizi globali. La collaborazione integrerà i protocolli di trading creditizio di MarketAxess, la valutazione e i dati nel sistema di gestione degli ordini (OEMS) Aladdin® di BlackRock. Questo si basa sulla loro partnership esistente nel Trading Aperto e nell'analisi di MarketAxess, iniziata nel 2013.
L'integrazione mira a fornire ai clienti comuni di Aladdin e MarketAxess un'esperienza di trading migliorata attraverso l'integrazione nativa di selezionati protocolli di trading creditizio di MarketAxess all'interno della piattaforma Aladdin. La partnership porterà i più recenti protocolli di automazione di MarketAxess, inclusi Adaptive Auto-X, soluzioni RFQ, Trading Aperto e mercato centrale con ordine limite direttamente ai clienti Aladdin.
MarketAxess Holdings Inc. (Nasdaq: MKTX) ha anunciado una expansión de su asociación de una década con BlackRock para mejorar la conectividad y la eficiencia en los mercados de crédito globales. La colaboración integrará los protocolos de negociación de crédito de MarketAxess, la fijación de precios y los datos en el sistema de gestión de ejecución de órdenes (OEMS) Aladdin® de BlackRock. Esto se basa en su asociación existente en Trading Abierto y en el análisis de MarketAxess que comenzó en 2013.
La integración tiene como objetivo proporcionar a los clientes comunes de Aladdin y MarketAxess una experiencia de negociación mejorada a través de la integración nativa de selectos protocolos de crédito de MarketAxess dentro de la plataforma Aladdin. La asociación traerá los más recientes protocolos de automatización de MarketAxess, incluidos Adaptive Auto-X, soluciones RFQ, Trading Abierto y libro de órdenes de límite central directamente a los clientes de Aladdin.
MarketAxess Holdings Inc. (Nasdaq: MKTX)는 BlackRock과의 10년 파트너십을 확장하여 글로벌 신용 시장에서의 연결성과 효율성을 향상시키겠다고 발표했습니다. 이번 협력은 MarketAxess의 신용 거래 프로토콜, 가격 책정 및 데이터를 BlackRock의 Aladdin® 주문 실행 관리 시스템(OEMS)에 통합할 것입니다. 이는 2013년 시작된 Open Trading 및 MarketAxess 분석에 대한 기존 파트너십을 바탕으로 합니다.
이번 통합은 Aladdin과 MarketAxess의 공동 고객에게 Aladdin 플랫폼 내에서 선택된 MarketAxess 신용 프로토콜의 네이티브 통합을 통해 개선된 거래 경험을 제공하는 것을 목표로 합니다. 이 파트너십은 Adaptive Auto-X, RFQ 솔루션, Open Trading 및 중앙 리밋 주문서를 포함한 MarketAxess의 최신 자동화 프로토콜을 직접 Aladdin 고객에게 제공할 것입니다.
MarketAxess Holdings Inc. (Nasdaq: MKTX) a annoncé une expansion de son partenariat de dix ans avec BlackRock pour améliorer la connectivité et l'efficacité sur les marchés de crédit mondiaux. La collaboration intégrera les protocoles de trading de crédit de MarketAxess, la tarification et les données dans le système de gestion d'exécution des ordres (OEMS) Aladdin® de BlackRock. Cela s'appuie sur leur partenariat existant dans le Trading Ouvert et les analyses de MarketAxess qui a débuté en 2013.
L'intégration vise à fournir aux clients communs d'Aladdin et de MarketAxess une expérience de trading améliorée grâce à l'intégration native de certains protocoles de crédit de MarketAxess dans la plateforme Aladdin. Le partenariat apportera les derniers protocoles d'automatisation de MarketAxess, y compris Adaptive Auto-X, des solutions RFQ, le Trading Ouvert et le carnet d'ordres central en direct directement aux clients d'Aladdin.
MarketAxess Holdings Inc. (Nasdaq: MKTX) hat eine Erweiterung seiner seit einem Jahrzehnt bestehenden Partnerschaft mit BlackRock angekündigt, um die Konnektivität und Effizienz auf den globalen Kreditmärkten zu verbessern. Die Zusammenarbeit wird die Kredithandelsprotokolle, die Preisgestaltung und die Daten von MarketAxess in das Aladdin® Auftragsausführungssystem (OEMS) von BlackRock integrieren. Dies baut auf ihrer bestehenden Partnerschaft im Open Trading und den MarketAxess Analysen auf, die 2013 begann.
Das Ziel der Integration ist es, den gemeinsamen Kunden von Aladdin und MarketAxess eine verbesserte Handelserfahrung zu bieten, indem ausgewählte Kreditprotokolle von MarketAxess nativ in die Aladdin-Plattform integriert werden. Die Partnerschaft wird die neuesten Automatisierungsprotokolle von MarketAxess, einschließlich Adaptive Auto-X, RFQ-Lösungen, Open Trading und Live Markets zentrales Limit-Orderbuch direkt zu Aladdin-Kunden bringen.
- Expanded partnership with BlackRock, a major player in the financial industry
- Integration of MarketAxess trading protocols into BlackRock's Aladdin platform
- Potential for increased adoption of MarketAxess automation protocols
- Enhanced trading experience for common clients of Aladdin and MarketAxess
- None.
Insights
This expanded partnership between MarketAxess and BlackRock is a significant development for the fixed-income trading landscape. The integration of MarketAxess's trading protocols, pricing and data into BlackRock's Aladdin platform could enhance liquidity and efficiency in global credit markets. For MarketAxess, this move likely means increased trading volumes and potentially higher revenue, as it exposes their services to a broader client base using Aladdin.
The mention of "increased adoption of automation protocols" with "many clients turning to strategies for over
From an investor's perspective, this partnership could strengthen MarketAxess's competitive position in the electronic trading space for fixed-income securities, potentially driving long-term growth and market share gains.
The integration of MarketAxess's trading protocols into BlackRock's Aladdin platform represents a significant technological advancement in the fixed-income trading ecosystem. This move towards seamless integration could lead to improved user experience and potentially increased trading efficiency for common clients of both platforms.
The mention of "Adaptive Auto-X" suggests the implementation of advanced algorithmic trading capabilities, which could provide a competitive edge in terms of execution speed and price discovery. Furthermore, the inclusion of a "central limit order book" indicates a move towards more transparent and liquid markets.
From a technological standpoint, this partnership could drive innovation in trading technology, potentially leading to the development of more sophisticated trading tools and analytics. It also highlights the growing importance of interoperability between financial platforms, a trend that could shape the future of financial technology.
This partnership expansion signals a continued trend towards electronification in credit markets, which could have far-reaching implications for market structure and liquidity. The integration of MarketAxess's protocols into Aladdin could lead to increased market share for both companies in the electronic trading space.
The mention of "Open Trading" suggests a focus on all-to-all trading models, which could potentially disrupt traditional dealer-centric market structures. This shift could lead to improved price discovery and potentially lower transaction costs for market participants.
From a market perspective, this partnership could accelerate the adoption of electronic trading in fixed-income markets, which have traditionally lagged behind equity markets in terms of electronification. This could lead to increased market efficiency and potentially higher trading volumes, benefiting both MarketAxess and BlackRock in the long run.
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
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. We are excited to partner with MarketAxess to deliver an improved trading experience for our users.”
BlackRock’s Aladdin technology platform unifies the investment management process by providing a common data language within an organization to enable scale, provide insights, and support business transformation. It combines sophisticated risk analytics with comprehensive portfolio management, trading, operations, and accounting tools on a single, unified platform. BlackRock’s Aladdin platform is a financial technology platform designed for institutional use only and is not intended for end investor use.
About MarketAxess
MarketAxess (Nasdaq: MKTX) operates a leading electronic trading platform that delivers greater trading efficiency, a diversified pool of liquidity and significant cost savings to institutional investors and broker-dealers across the global fixed-income markets. Over 2,000 firms leverage MarketAxess’ patented technology to efficiently trade fixed-income securities. MarketAxess’ award-winning Open Trading® marketplace is widely regarded as the preferred all-to-all trading solution in the global credit markets. Founded in 2000, MarketAxess connects a robust network of market participants through an advanced full trading lifecycle solution that includes automated trading solutions, intelligent data and index products and a range of post-trade services. Learn more at www.marketaxess.com and on X @MarketAxess.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including statements about the outlook and prospects for Company, market conditions and industry growth, as well as statements about the Company’s future financial and operating performance. These and other statements that relate to future results and events are based on MarketAxess’ current expectations. The Company’s actual results in future periods may differ materially from those currently expected or desired because of a number of risks and uncertainties, including: global economic, political and market factors; the level of trading volume transacted on the MarketAxess platform; the rapidly evolving nature of the electronic financial services industry; the level and intensity of competition in the fixed-income electronic trading industry and the pricing pressures that may result; the variability of our growth rate; our ability to introduce new fee plans and our clients’ response; our ability to attract clients or adapt our technology and marketing strategy to new markets; risks related to our growing international operations; our dependence on our broker-dealer clients; the loss of any of our significant institutional investor clients; our exposure to risks resulting from non-performance by counterparties to transactions executed between our clients in which we act as an intermediary in matched principal trades; risks related to self-clearing; risks related to sanctions levied against states or individuals that could expose us to operational or regulatory risks; the effect of rapid market or technological changes on us and the users of our technology; our dependence on third-party suppliers for key products and services; our ability to successfully maintain the integrity of our trading platform and our response to system failures, capacity constraints and business interruptions; the occurrence of design defects, errors, failures or delays with our platforms, products or services; our vulnerability to malicious cyber-attacks and attempted cybersecurity breaches; our actual or perceived failure to comply with privacy and data protection laws; our ability to protect our intellectual property rights or technology and defend against intellectual property infringement or other claims; our ability to enter into strategic alliances and to acquire other businesses and successfully integrate them with our business; our dependence on our management team and our ability to attract and retain talent; limitations on our flexibility because we operate in a highly regulated industry; the increasing government regulation of us and our clients; risks related to the divergence of
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INVESTOR RELATIONS
Stephen Davidson
MarketAxess Holdings Inc.
+1 212 813 6313
sdavidson2@marketaxess.com
MEDIA RELATIONS
Marisha Mistry
MarketAxess Holdings Inc.
+1 917 267 1232
mmistry@marketaxess.com
Source: MarketAxess Holdings Inc.
FAQ
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