BlackRock Teams with MarketAxess on Electronic Bond Trading

BlackRock’s Aladdin Trading Network will route trades through MarketAxess, companies say.

BlackRock Inc., the world’s largest money manager, and MarketAxess Holdings Inc. are creating an alliance for a unified bond-trading platform.

BlackRock’s Aladdin Trading Network, which the investment firm said last year it planned to start to allow investors to bypass investment banks, will route trades through MarketAxess, the owner of an electronic bond and derivatives-trading system, the companies said in an e-mailed statement today.

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