An Electronic Platform for Securitized Products

BondXN and BlackRock Aladdin® Partnership

BondXN integrates with BlackRock Aladdin® Platform to Modernize MBS Trading

The multi-year partnership connects BondXN’s trading venue with OEMS capabilities in the Aladdin platform to deliver Specified Pool and TBA execution, MBS market aggregation, and dealer connectivity to Aladdin users, enhancing price discovery and operational efficiency across the $8 trillion mortgage backed securities market.

New York, NY — [04/02/2026] — BondXN Inc., a leading electronic trading and data venue for mortgage-backed securities (MBS), today announced a multi-year partnership with BlackRock Aladdin®.

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, BlackRock’s technology that unifies the investment management process. Common clients will benefit from seamless connectivity to BondXN’s BWIC workflows, dealer inventories, and advanced screening tools, enabling streamlined execution across multiple e-trading protocols.

“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.

About BondXN

BondXN is a leading electronic trading and data venue for mortgage-backed securities (MBS), including Specified Pools and TBAs. The platform provides institutional clients with a consolidated view of live dealer offers and BWICs, alongside advanced screening and analytics. With flexible execution protocols, including RFQ, direct offer negotiation, and BWIC list distribution, BondXN helps clients enhance pre-trade price discovery, access liquidity more efficiently, and streamline complex trading workflows.

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