Yieldbroker announces interface with BlackRock Solutions' Aladdin Platform
Sydney - 15 December 2009 - 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.
About Yieldbroker
The dominant electronic trading platform in the Australian marketplace, Yieldbroker (www.yieldbroker.com) is an easy-to-use service that provides institutional fixed income investors with superior price discovery and deal execution in a secure online trading environment. Yieldbroker is the only domestic trading platform that provides competitive two-way markets on all transactions and offers unrivalled dealing flexibility. Clients are able to request simultaneous, firm markets from all major fixed income price makers to execute on an Outright, Switch, EFP or MOC trade basis. Yieldbroker also allows clients to view participant bank’s "axes" in individual issues. Yieldbroker provides comprehensive market coverage giving investors the ability to view live indicative prices and request competitive two-way markets in over 600 securities. This includes Australian government, semi-government and corporate bonds, New Zealand government bonds with trading recently extended to cover the Australian inflation-linked market.
About BlackRock Solutions
BlackRock Solutions, a division of BlackRock, Inc. (NYSE: BLK), provides clients with access to the intellectual capital, risk analytics and investment platform used to support BlackRock's asset management business. By combining sophisticated risk analytics and investment systems with capital markets and investment process expertise, BlackRock Solutions helps clients address a variety of risk management and business process challenges.
For more information on Yieldbroker, please contact Richard Swift or John Kimpton on 1800 220 550 or email Click here for email
