Integration brings FIA Tech’s Trade Data Network into Aladdin®, giving common clients a seamless T+0 solution for Exchange Traded Derivatives and listed options

 FIA Tech, a leading technology provider to the exchange-traded derivatives industry, and BlackRock Aladdin, BlackRock’s investment technology and data business, tannounced the integration of FIA Tech’s Trade Data Network (TDN) with the Aladdin platform. The integration brings a standardized post-trade operating model for exchange-traded derivatives (futures and options) into Aladdin workflows.

Common clients will gain access to FIA Tech’s Trade Data Network directly in Aladdin workflows to unify post-trade processes and data across executing brokers, clearing brokers, and clearinghouses as the industry moves toward T+0 operations. Together, FIA Tech and BlackRock Aladdin aim to support a more efficient T+0 operating model in a market that has historically relied on fragmented and manual processes.

“Our partnership with Aladdin brings the Trade Data Network directly into the platform leading investment managers already use,” said Nick Solinger, President and CEO of FIA Tech. “Together, we are helping the industry move listed derivatives operations to real-time resolution of trade breaks and fee breaks on T+0.”

“Transforming post-trade is about connecting the industry around trusted, real-time data and interoperable workflows—not creating more bi-furcated point-to-point solutions,” said Lou Rosato, Managing Director, BlackRock. “Our strategy is to keep the Aladdin platform at the center of the operating model while connecting it more deeply to the brokers, clearing firms and market utilities our clients rely on. Integrating FIA Tech’s Trade Data Network into the Aladdin platform brings that strategy to life for listed derivatives – combining T+0 transparency, standardized data and collaborative exception management directly within Aladdin workflows. Together with FIA Tech, we can extend those capabilities across the Aladdin community and help move the industry toward faster finality, lower operational friction and greater scale.”

About TDN

The Trade Data Network was created to integrate post-trade ETD data in real time from multiple sources, including executing brokers, CCPs, clearing brokers and clients, and offer matching services to create a single trade lineage in a common, secure, standards-based ledger.

An initiative built for and funded by the largest market participants, TDN is already supported by over 50 banks/brokers and 40 investment managers/hedge funds with a total AUM of $34 trillion. It has comprehensive coverage of exchanges and CCPs, with support of clearing and executing firms representing over 90% of the global ETD volumes.

Source: FIA Tech