BlackRock to Send Clients to Tradeweb for Rates Trading

BlackRock Inc., 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.

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