Tradeweb
Markets Inc. (Nasdaq: TW) has unveiled the next stage of its platform
integration with BlackRock’s Aladdin order execution management system (OEMS).
This expansion allows Aladdin users trading U.S. and European Credit to access
enhanced liquidity through Tradeweb AllTrade, the platform’s network of
anonymous liquidity.
Aladdin
users can now tap into new liquidity pools and market sectors, including
Rematch, Tradeweb Direct, and Tradeweb’s network of over 350 institutional
clients in the AllTrade network. Tradeweb AllTrade has accounted for 32% of
in-comp RFQ for High Grade credit and 44% for High Yield credit year-to-date
through November.
Elisabeth
Kirby, Managing Director, Head of Market Structure at Tradeweb said: “Our goal
is to facilitate end-to-end credit workflow and allow clients to tap varied
sources of liquidity. This next phase of our partnership with Aladdin plays to
the strength of our comprehensive all-to-all network, while leveraging the
Aladdin platform’s extensive OEMS capabilities and broad institutional client
base to create greater liquidity, connectivity and transparency across our
markets.”
“Since
announcing our partnership last year, we’ve made tremendous progress in
improving access to credit liquidity and look forward to rolling out this
offering to Aladdin clients.”
The
partnership with Aladdin aims to create greater liquidity, connectivity, and
transparency across markets. The initial phase of the collaboration allowed
clients to view Tradeweb’s Ai-Price and Liquidity Score in the Aladdin
platform, and future phases will introduce additional features like direct
access to Tradeweb’s RFQ and Automated Intelligent Execution (AiEX) protocols.
The partnership, announced in December 2022, continues to meet the changing
dynamics of credit markets.
(Expect
ongoing updates as this story evolves.)
Tradeweb
Markets Inc. (Nasdaq: TW) has unveiled the next stage of its platform
integration with BlackRock’s Aladdin order execution management system (OEMS).
This expansion allows Aladdin users trading U.S. and European Credit to access
enhanced liquidity through Tradeweb AllTrade, the platform’s network of
anonymous liquidity.
Aladdin
users can now tap into new liquidity pools and market sectors, including
Rematch, Tradeweb Direct, and Tradeweb’s network of over 350 institutional
clients in the AllTrade network. Tradeweb AllTrade has accounted for 32% of
in-comp RFQ for High Grade credit and 44% for High Yield credit year-to-date
through November.
Elisabeth
Kirby, Managing Director, Head of Market Structure at Tradeweb said: “Our goal
is to facilitate end-to-end credit workflow and allow clients to tap varied
sources of liquidity. This next phase of our partnership with Aladdin plays to
the strength of our comprehensive all-to-all network, while leveraging the
Aladdin platform’s extensive OEMS capabilities and broad institutional client
base to create greater liquidity, connectivity and transparency across our
markets.”
“Since
announcing our partnership last year, we’ve made tremendous progress in
improving access to credit liquidity and look forward to rolling out this
offering to Aladdin clients.”
The
partnership with Aladdin aims to create greater liquidity, connectivity, and
transparency across markets. The initial phase of the collaboration allowed
clients to view Tradeweb’s Ai-Price and Liquidity Score in the Aladdin
platform, and future phases will introduce additional features like direct
access to Tradeweb’s RFQ and Automated Intelligent Execution (AiEX) protocols.
The partnership, announced in December 2022, continues to meet the changing
dynamics of credit markets.
(Expect
ongoing updates as this story evolves.)
