Through this integration, common clients of BondXN and BlackRock Aladdin will be able to directly access BondXN’s Specified Pool and TBA trading capabilities from the Aladdin platform,
“By combining BondXN’s market-leading technology with the Aladdin platform’s institutional reach, we are creating new standards for transparency and efficiency in MBS trading that has long been limited by fragmented workflows and legacy platforms,” said Nic Tandon, Chief Product Officer at BondXN. “This partnership allows common clients to access deeper liquidity, simplify complex workflows, and accelerate trade execution.”
Orders submitted through the Aladdin platform will flow directly into BondXN, allowing users to source liquidity, engage multiple dealers, and process trades straight-through back into the Aladdin platform - reducing operational friction and manual steps.
Beyond its integration with the Aladdin platform, BondXN is transforming workflows across the MBS ecosystem. For originators, the platform has digitized the previously spreadsheet driven BWIC process by connecting sellers to all their counterparties, significantly lowering execution times and error rates. BondXN’s unique technology allows dealers to organize all BWIC and offer activity into a single electronic workflow to improve client connectivity, speed and reduce trade booking violations.
