BlackRock has entered a multi-year partnership with fixed income electronic trading platform Trumid, as part of an effort to enhance the asset management giant’s order execution management system (OEMS).
Jason Quinn
The new offering will focus specifically on corporate and emerging market bonds, and will leverage Trumid’s credit trading workflows, integrating them into the BlackRock Aladdin OEMS.
Through this expanded integration, Aladdin and Trumid’s common clients will gain enhanced access to Trumid’s trading protocols, while Aladdin users will gain streamlined access to Swarms protocol, to send and receive RFQs natively from the Aladdin platform.
Jason Quinn, chief product officer and global head of sales at Trumid, said: “Aladdin users are an important part of Trumid’s client network. They’re key collaboration partners and have been drivers of our growth in recent years.
“Our priority is always to deliver superior workflows and user experience for clients, and this partnership advances that cause. Efficient engagement of Trumid’s liquidity pools by our shared Aladdin clients will enhance the trading experience for all users of Trumid’s platform.”
Read more – BlackRock’s Aladdin and OTCX unveil multi-year partnership to digitise OTC derivatives trading
Both firms have also confirmed that they will continue to explore further opportunities to collaborate on electronic credit trading and market intelligence solutions for their clients.
Kamya Somasundaram, global head of Aladdin partnerships at BlackRock, said: “We are excited to partner with Trumid as we continue to drive innovation and support the next evolution of electronic credit markets. Through this partnership, Aladdin clients will gain access to Trumid’s liquidity pools and differentiated workflows, enhancing liquidity access and trading efficiency.”
Trumid has recently focused on expanding its electronic trading capabilities, and in May 2026, the firm launched a new automation solution – Trumid Full Self Trading (FST).
The offering is designed to support the evolution of single-workflow automation to coordinated cross-protocol execution across various Trumid protocols, within a unified workflow.