Broadridge Financial Solutions subsidiary LTX has integrated with BlackRock’s end-to-end investment management and operations platform Aladdin as part of the next phase of the pair’s multi-year partnership.
The integration incorporates LTX’s Liquidity Cloud and actionable pre-trade cloud match scores directly in the Aladdin platform, allowing users of Aladdin technology to leverage data-driven capabilities to improve liquidity discovery and trading efficiency.
LTX’s Liquidity Cloud provides a network of anonymous real-time buy- and sell-side indications of interest. Proprietary analysis within the network identifies cloud matches – real-time indications of natural contra interest in the Liquidity Cloud – which are then measured by cloud match scores. These scores are updated dynamically to reflect real-time available natural liquidity.
“Some of the world’s largest institutional investors use Aladdin for their end-to-end trading workflows, and we are pleased that this integration enables common clients of LTX and Aladdin to seamlessly access trading functionalities of both platforms,” said Jim Kwiatkowski, chief executive of LTX.
“We are committed to facilitating positive transformation in the corporate bond market with data-driven pre-trade intelligence and liquidity aggregation; this integration offers these advancements within existing buy-side workflows.”
This latest phase of the integration will allow mutual clients to view cloud match scores directly within the Aladdin application OEMS, alongside the ability to directly interact with trading opportunities in the Liquidity Cloud without a staging area.
Users of Aladdin can now contribute their anonymous interests to the Liquidity Cloud and as a result, identify natural contra liquidity.
“We look forward to empowering our users with innovative pre-trade liquidity discovery capabilities and trading solutions like LTX for more seamless and efficient corporate bond trading workflows,” said Kamya Somasundaram, managing director, and a general manager within Aladdin at BlackRock.