The fully electronic institutional SOFR swap spread trade between JP Morgan and BlackRock took place on the Tradeweb swap execution facility.
Under a long-term partnership, BlackRock will acquire and integrate Baringa Partners’ Climate Change Scenario Model into its Aladdin Climate technology.
Through the integration, mutual clients on BlackRock’s Aladdin platform can factor margin-based analytics into their pre- and post-trade decision making for derivatives.
Through the expanded partnership, mutual clients can use the OEMS capabilities on the Aladdin platform from BlackRock alongside FlexTrade’s EMS capabilities.
New Diversity Dealer initiative is aimed at expanding credit trading among minority, women and veteran owned broker dealers on the MarketAxess platform.
Aladdin Data Cloud from BlackRock will allow investment managers to combine Aladdin and non-Aladdin data via a single platform.
Sustainable investing analytics will be added to Aladdin after BlackRock took minority stake in data science firm Clarity AI.
Upon launching Aladdin Climate for measuring climate risk, BlackRock has also expanded the platform’s ESG data via new partnerships with Refinitiv and Sustainalytics.
Refinitiv’s diversity and inclusion index found that banking and investment services were the most diverse industries, with BlackRock leading the way.