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BlackRock targets multi-asset trading Aladdin expansion with FlexTrade integration
Through the expanded partnership , mutual clients can use the OEMS capabilities on the Aladdin platform from BlackRock alongside FlexTrade ’ s EMS capabilities .
BlackRock has confirmed plans to bring more multi-asset trading capabilities to its flagship Aladdin platform through an expanded partnership with trading systems provider FlexTrade .
FlexTrade ’ s multi-asset execution management system ( EMS ) will be integrated with Aladdin to bolster its existing order and execution management capabilities .
The combined platform will provide a cross-asset system for the entire trading lifecycle to mutual clients , with simple client access , integrated workflows , shared data sources , and increased end-to-end automation . “ 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 ,” said Sudhir Nair , head of the Aladdin business at BlackRock . “ Our strategy is about ensuring clients have maximum flexibility and choice , while enjoying the full benefits of a true end to end platform .
“ FlexTrade is a seasoned and experienced EMS partner of BlackRock . FlexTrade ’ s integration with Aladdin augments the Aladdin experience and represents both Aladdin and
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FlexTrade ’ s ongoing commitment to client-centric innovation .”
BlackRock has been developing and expanding ESG-focussed content on its Aladdin platform recently . In January , the asset manager took a minority stake in a data science and sustainable investing analytics firm to integrate its capabilities with Aladdin .
It also launched Aladdin Climate , a software application that allows investors to quantify climate risk within portfolios on the platform .
“ 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 ,” said Vijay Kedia , chief executive officer of FlexTrade .