MarketAxess Announces Expanded Partnership with BlackRock to Deliver Enhanced Connectivity and Efficiency to Global Credit Markets
09 Setembro 2024 - 9:00AM
Business Wire
MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a
leading electronic trading platform for fixed-income securities,
today announced an expansion of its decade-long partnership with
BlackRock to seamlessly integrate MarketAxess credit trading
protocols, pricing and data into BlackRock’s Aladdin® order
execution management system (OEMS).
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 90% of their trading
volumes,” said Rich Schiffman, Global Head of Trading Solutions at
MarketAxess. “We look forward to bringing the latest of our
automation protocols, Adaptive Auto-X, as well as our market
leading RFQ solutions, Open Trading, and Live Markets central limit
order book directly to Aladdin clients through this
partnership.”
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 U.K. and European Union legal and regulatory
requirements following the U.K.’s exit from the European Union; our
exposure to costs and penalties related to our extensive
regulation; our risks of litigation and securities laws liability;
adverse effects as a result of climate change or other ESG risks
that could affect our reputation; our future capital needs and our
ability to obtain Page 5 capital when needed; limitations on our
operating flexibility contained in our credit agreement; our
exposure to financial institutions by holding cash in excess of
federally insured limits; and other factors. The Company undertakes
no obligation to update any forward-looking statements, whether as
a result of new information, future events or otherwise. More
information about these and other factors affecting MarketAxess’
business and prospects is contained in MarketAxess’ periodic
filings with the Securities and Exchange Commission and can be
accessed at www.marketaxess.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240909670657/en/
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
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