BlackRock Bolsters Aladdin Platform’s Trading Capabilities with FlexTrade Partnership
May 18, 2021 | By: Matthew Halicki
Integration enables clients to leverage the Aladdin platform’s broad-based OEMS capabilities alongside FlexTrade’s leadership and expertise in EMS
This release is a copy of the original posted on the BlackRock Global Newsroom
https://www.blackrock.com/corporate/newsroom/press-releases/article/corporate-one/press-releases/blackrock-bolsters-aladdin-platforms-trading-capabilities-with-flextrade-partnership
NEW YORK – May 18, 2021 – BlackRock (NYSE: BLK) today announced that it has entered into a strategic partnership with FlexTrade Systems, Inc., a leading provider of high performance, multi-asset execution management systems (EMS). The partnership is a commitment to further integrate FlexTrade’s capabilities with the Aladdin platform and jointly create enriched experiences for their common clients in the Aladdin community. FlexTrade’s deep expertise and sophisticated capabilities in the EMS space complement the Aladdin platform’s existing order execution management system (OEMS) capabilities. FlexTrade and Aladdin will deliver a tightly integrated, multi-asset solution to clients for the entire trading lifecycle.
“FlexTrade is a seasoned and experienced EMS partner of BlackRock. FlexTrade’s integration with Aladdin augments the Aladdin experience and represents both Aladdin and FlexTrade’s ongoing commitment to client-centric innovation,” said Sudhir Nair, Head of the Aladdin Business at BlackRock. “Aladdin is accelerating its investment in its multi-asset trading capabilities through a robust product roadmap and alongside partners like FlexTrade who we have worked with for many years. Our strategy is about ensuring clients have maximum flexibility and choice, while enjoying the full benefits of a true end to end platform.”
By deepening the integration of FlexTRADER® EMS’s capabilities with the Aladdin platform, Aladdin and FlexTrade are making it simpler for common clients to access trading functionalities of both platforms all in one place – increasing interoperability, transparency, and productivity. Clients will see enhancements to their trading experience through integrated workflows, shared data sources, increased end-to-end automation and premier support services.
Vijay Kedia, CEO, FlexTrade Systems Inc. stated, “The FlexTrade-Aladdin partnership is a powerful combination – both firms bring a deep understanding of complex, real-time OEMS-EMS interactions across asset classes; a curious, engineering-driven culture; an agile, collaborative approach with clients and a strong global presence. While continuing to execute our open, vendor-neutral strategy supporting client choice, this partnership demonstrates our long-term commitment to deliver market leading innovation to our common clients in the Aladdin community”.
About FlexTrade Systems
FlexTrade Systems is a global leader in high performance multi-asset execution management and order management systems for equities, fixed income, foreign exchange, futures, and options. A pioneer in the field, FlexTrade is internationally recognized for introducing FlexTRADER®, the world’s first broker-neutral, execution management trading system, which allows clients to completely control and customize their execution workflows through a comprehensive ability to search/access liquidity while maintaining the confidentiality of their trading strategies.
About the Aladdin Platform
Aladdin is BlackRock’s end-to-end investment management and operations platform used by institutional investors including asset managers, pension funds, insurers, and corporate treasurers. It combines sophisticated risk analytics with comprehensive portfolio management, trading, operations, and accounting tools on a single, unified platform. Also customized for wealth managers, Aladdin provides a common language across the investment lifecycle and enables a culture of risk transparency among users.
About BlackRock
BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate