Yieldbroker links with BlackRock Aladdin platform

Source: Yieldbroker

Yieldbroker Pty Limited today announced completion of a link between its dominant fixed income trading platform and BlackRock Solutions' Aladdin enterprise investment platform.

Aladdin combines sophisticated risk analytics with portfolio management, trading and operations tools to support a consistent, efficient and controlled investment process. The new link allows Aladdin clients to seamlessly execute trades through the Yieldbroker market, providing portfolio managers with convenient access to leading pricing and order execution capabilities for the Australian fixed income market.

Supported by all the relevant market makers, Yieldbroker is the established client-to-dealer trading venue in the Australian fixed income market and services over 60 major domestic financial institutions. General Manager Richard Swift said "The link gives Aladdin clients instant access to the growing liquidity pool on Yieldbroker and greatly streamlines the trade execution process. The integration of the Aladdin investment platform with the Yieldbroker deal execution system is also an important step towards the establishment of true straight-through processing in the Australian fixed income market."

"By linking the two platforms, BlackRock Solutions and Yieldbroker are providing portfolio managers with tremendous benefits in terms of market execution, operational efficiency and error reduction," said Enda Mahoney, Director of BlackRock. " We look forward to working collaboratively with Yieldbroker to increase the range and depth of services available to our clients in the Australian market.

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