Breaking News

Tweet TWEET

BlackRock to Send Client Orders to Tradeweb for Rates Trading

BlackRock Inc. (BLK), the world’s largest asset manager, will steer some of its customers to trade interest-rate derivatives and securities on systems offered by Tradeweb Markets LLC.

The strategic alliance will allow BlackRock’s institutional investor clients access to Tradeweb’s customers, who typically include banks and the firms that they trade with, the companies said in an e-mailed statement today.

BlackRock has a similar agreement in place to route its customer orders through MarketAxess Holdings Inc.’s computerized bond-trading system. It partnered with MarketAxess after its own effort to match up its customer’s bond trades failed to attract enough business.

To contact the reporter on this story: Matthew Leising in New York at mleising@bloomberg.net

To contact the editors responsible for this story: Shannon D. Harrington at sharrington6@bloomberg.net John Parry

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.