BlackRock Inc and Tradeweb Markets LLC have partnered to create an electronic rates trading solution for the rates and derivatives market.
The partnership will benefit BlackRock’s clients who use the firm’s Aladdin system. Aladdin is BlackRock’s central system, which records and transmits information to traders for fund managers that have purchased access to the system.
Tradeweb’s 40 liquidity providers will be available through the Aladdin trading market, which leverages connectivity to external liquidity in the marketplace within Aladdin’s tools.
Sudhir Nair, incoming global head of Aladdin, said: “Integrating Aladdin with Tradeweb’s global rates and derivatives platform delivers a more streamlined and enhanced trading experience.”
“Our partnership with Aladdin is a great step forward in providing investors with a fully automated workflow,” said Lee Olesky, CEO of Tradeweb.
