Aladdin Users Gain Expanded Liquidity Reach with Tradeweb Integration

<p>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. </p><p>Expanding
Aladdin's Reach: Rematch, Tradeweb Direct, and Institutional Networks</p><p>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. </p><p>Elisabeth
Kirby, the 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.”</p><p>“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.”</p><p>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 protocols.
The partnership, announced in December 2022, continues to meet the changing
dynamics of credit markets.</p><p>Kamya
Somasundaram, Global Head of Aladdin Partnerships said: “We are excited to be
working with Tradeweb on this next stage of our multi-year partnership. Over
the past year, we’ve had great success in seizing opportunities that provide
common clients with more seamless access to liquidity and improved workflow
efficiency as credit markets continue to evolve.”</p><blockquote><p lang="en" dir="ltr">Today we introduced the next phase of our previously announced platform integration with <a href="https://twitter.com/AladdinbyBLK?ref_src=twsrc%5Etfw">@AladdinbyBLK</a>. Read more: <a href="https://t.co/IOonTvj1KI">https://t.co/IOonTvj1KI</a> <a href="https://t.co/5728VmhSlZ">pic.twitter.com/5728VmhSlZ</a></p>— Tradeweb (@Tradeweb) <a href="https://twitter.com/Tradeweb/status/1734200067072946189?ref_src=twsrc%5Etfw">December 11, 2023</a></blockquote><p>Closing
the Deal: Details of Tradeweb's Definitive Agreement with r8fin</p><p><a href="https://www.financemagnates.com/">Finance Magnates</a> reported earlier
that <a href="https://www.financemagnates.com/institutional-forex/tradeweb-enters-definitive-agreement-to-acquire-algorithmic-tech-provider-r8fin/">Tradeweb
entered into a definitive agreement to acquire r8fin</a>, a Chicago-based
technology firm specializing in algorithmic-based execution for U.S. Treasuries
and interest rate futures. Founded in 2016, r8fin's tools and execution
management system will complement <a href="https://www.financemagnates.com/tag/tradeweb/">Tradeweb</a>'s existing
offerings. </p><p>The
acquisition is expected to enhance revenue growth, operating margins, and 2024
earnings per share. The deal, set to close in Q1 2024, is subject to customary
closing conditions and regulatory approvals. Tradeweb CEO Billy Hult
anticipates the acquisition will elevate the platform's intelligent execution
capabilities through a blend of algorithmic technology and cross-market
connectivity. </p><p>r8fin
currently serves 65 hedge funds and trading firms, executing over $23 billion
notional in U.S. Treasury bonds and 350,000 futures contracts daily. Tradeweb,
a pioneer in U.S. Treasury electronic trading for 25 years, handles an average
of $142.7 billion per day in U.S. Treasury trading.</p>

This article was written by Tareq Sikder at www.financemagnates.com.