BlackRock Partners with Trumid to Enhance Aladdin OEMS for Bond Trading
BlackRock has formed a multi-year partnership with Trumid to improve its order execution management system, focusing on corporate and emerging market bonds. This collaboration will integrate Trumid's trading workflows into the Aladdin platform, enhancing liquidity access for shared clients.
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BlackRock and Trumid have established a multi-year partnership to advance the Aladdin order execution management system (OEMS) for corporate and emerging market bonds. The integration will allow Aladdin users to access Trumid's trading protocols and Swarms protocol for RFQs directly from the Aladdin platform.
This initiative aims at improving trading efficiency and liquidity access for clients of both firms. Additionally, the companies plan to explore further electronic credit trading and market intelligence solutions. Trumid recently launched the Full Self Trading (FST) automation solution, which emphasizes cross-protocol execution within a unified workflow, potentially reshaping trading processes in the future.
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