25 July 2016
Find out more

MarketAxess and BlackRock combine for launch of iShares fixed income ETF trading

28 May 2014  |  2764 views  |  0 Source: MarketAxess

MarketAxess Holdings Inc. (MKTX), the operator of a leading electronic trading platform for fixed income securities and provider of market data and post-trade services for the global fixed-income markets, and BlackRock (BLK) today announced the launch of iShares fixed income exchange traded fund (ETF) information and basket trading technology on MarketAxess.

The consolidated iShares content on the MarketAxess trading system now enables ETF market makers to efficiently trade baskets of iShares ETF constituent bonds using MarketAxess' patented list trading functionality. Bid and Offer Wanted lists can also be sent via Market Lists, MarketAxess' flagship Open Trading protocol, to access the broadest all-to-all liquidity pool of over 1,000 institutional investor and broker-dealer firms.

"Traditional institutional investors are increasingly adopting ETFs for a variety of portfolio management strategies. Traders now have an efficient way to manage their iShares holdings. By streamlining the creation of bid/offer wanted lists of ETF constituent bonds within MarketAxess, traders can efficiently source pricing from multiple counterparties. ETF market makers can also view ETF trading activity for greater insight into actively traded bonds, thereby improving pre-trade price information," says Richard Schiffman, Open Trading Product Manager at MarketAxess.

"We're pleased to announce this partnership with MarketAxess so that authorized participants and ETF market makers can efficiently trade baskets of iShares ETF constituent bonds. This will ultimately help institutional investors add fixed income ETFs to their investment portfolios," commented Patrick Dunne, Head of iShares Global Markets & Investments at BlackRock.

iShares ETF Page Features:

View end of day iShares ETF fund holdings and related information across corporate bond ETFs and other fixed income funds, such as Treasuries, municipal, mortgages, etc.
Electronically trade bonds on MarketAxess from iShares' investment grade, high yield and select emerging market exchange traded funds
Send inquiries via Market Lists to MarketAxess' all-to-all liquidity pool, maximizing trade opportunities
List trading for constituent bonds with flexibility to trade all or part of the basket, improving efficiency for the create/redeem process
Trade sizes for each conr each constituent dynamically change when the basket unit count is adjusted

BlackRock and MarketAxess have executed a Letter of Intent and commencement of operations is subject to finalization of a definitive agreement, which the parties expect to complete within the next several weeks.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.abe-eba.euFind out moreVisit VocaLink.com

Top topics

Most viewed Most shared
MasterCard agrees £700m VocaLink acquisitionMasterCard agrees £700m VocaLink acqu...
8429 views 14 comments | 32 tweets | 37 linkedin
satelliteContactless Bitcoin startup Plutus Tap &am...
8262 views comments | 7 tweets | 3 linkedin
hands typing furiouslyWhat Every FinTech CEO Should Know About R...
8118 views 0 | 14 tweets | 8 linkedin
hands typing furiouslyBanking on IoT: Security in the Internet o...
8021 views 3 | 20 tweets | 7 linkedin
Santander doubles down on fintech fundSantander doubles down on fintech fund
7683 views comments | 22 tweets | 28 linkedin

Featured job


Brussels (Belgium) or Paris (France)

Find your next job