Tradeweb to integrate credit trading and data into BlackRock’s Aladdin

Tradeweb Markets announced it has entered into a multi-year partnership with BlackRock to integrate Tradeweb’s credit trading solutions and data into BlackRock’s Aladdin order execution management system (OEMS), focusing on corporate, municipal, and emerging market bonds. The first phase of the multi-year 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 in a statement: “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 $29.7 billion over the first three quarters of 2022. In the last five years, the firm’s share of fully electronic US High Grade TRACE has increased nearly 6-fold, while the firm’s share of fully electronic US High Yield TRACE has increased 5-fold.

Kamya Somasundaram, managing director and a general manager within the Aladdin Business at BlackRock, said in a statement: “Credit markets have grown increasingly electronic in recent years, but significant opportunities still exist to accelerate this trend through expanding pools of liquidity and developing sophisticated analytics tools and execution workflows. We’re excited to partner with Tradeweb, which has made meaningful strides in this space.”

BlackRock’s Aladdin platform unifies the investment management process by providing a common data language within an organization to enable scale, provide insights, and support business transformation. Aladdin combines sophisticated risk analytics with comprehensive portfolio management, trading, operations, and accounting tools on a single platform for institutional investors.


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