BlackRock

BlackRock’s new bond trading system won’t change its behaviour: CEO says

BlackRock’s new bond trading system won’t change its behaviour: CEO says

BlackRock's new bond trading system will not change its behaviour or relations with the sell side, the world's largest money manager's chief executive Laurence Fink said.

Speaking to analysts during a conference call on BlackRock's first-quarter results on Wednesday, Fink said, "This is not going to transform BlackRock in any way. This is not going to change our behaviour, our relations with the sell side."

Fink claimed that New York-based-BlackRock was just responding to the regulatory regime which was changing the future ways of the business.