Tradeweb Enters Next Phase Of Partnership With BlackRock
Portfolio Pulse from Benzinga Newsdesk
Tradeweb Markets Inc. (TW) has advanced its partnership with BlackRock's Aladdin, providing Aladdin users trading U.S. and European Credit with access to Tradeweb's AllTrade liquidity network. This integration enhances liquidity by connecting institutional, wholesale, and retail markets. Tradeweb's credit trading platform has seen significant growth, with a record $137 billion in AllTrade volumes in Q3 2023, a 50% increase year-over-year. The partnership, announced in December 2022, aims to improve credit market liquidity and workflow efficiency through multiple phases, including direct access to Tradeweb's RFQ and AiEX protocols.
December 11, 2023 | 1:08 pm
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POSITIVE IMPACT
BlackRock's Aladdin users gain enhanced access to liquidity through Tradeweb's AllTrade network, which may improve the platform's value proposition and could lead to increased adoption of Aladdin OEMS.
While the news is primarily about Tradeweb, BlackRock's Aladdin platform stands to benefit from the enhanced liquidity and efficiency that the partnership brings. This could make Aladdin more attractive to potential and existing clients, possibly leading to increased adoption and use.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Tradeweb's enhanced partnership with BlackRock's Aladdin could lead to increased usage of its AllTrade network, potentially driving up trading volumes and revenue. The reported record AllTrade volumes indicate strong growth in its credit trading platform.
The news of Tradeweb's expanded partnership with Aladdin is likely to be viewed positively by investors, as it suggests potential for increased trading activity and revenue. The reported growth in AllTrade volumes and market share in U.S. High Grade and High Yield TRACE supports the positive outlook.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90