02.24.2022

BlackRock to Integrate Portware EMS with Aladdin

02.24.2022
BlackRock to Integrate Portware EMS with Aladdin

FactSet and BlackRock announced that they have entered into a multi-year partnership to integrate Portware’s execution management system (EMS) capabilities with the Aladdin® platform, BlackRock’s end-to-end investment management and operations platform. The joint offering will provide common clients with a seamless experience across multi-asset portfolio and risk management, and trading execution, including access to Portware’s high-performance electronic trading and automation capabilities via API.

FactSet’s Portware is best known in the listed assets and Foreign Exchange markets, and recently added fixed income trading capabilities; and the Aladdin® platform is leveraged by BlackRock and Aladdin clients to power informed decision-making and operational scale, supporting all aspects of the investment process on a single platform. The turnkey integration of Portware with the Aladdin® platform enables common clients to power their trading workflows using capabilities of both systems – including data-driven trade automation and at-trade decision support across asset classes.

“As a global provider of integrated financial information, analytical applications, and industry-leading service, FactSet is committed to building our front and middle office solutions with advanced technology and engaging key partners to remove the burden of integration from our clients while enhancing their workflows,” said Rob Robie, EVP and Global Head of Analytics and Trading, FactSet. “Offering flexible access to Portware through the Aladdin platform effectively advances our open data and platform strategy while answering the growing demand for personalized workflow solutions.”

“Our partnership with Portware reflects BlackRock’s ongoing commitment to providing Aladdin clients with choice, flexibility, and access to efficient capabilities in their daily workflows,” said Daniel Gourvitch, Managing Director, Global Head of Platform for Aladdin at BlackRock. “This partnership reinforces our strategy to add deep integrations with leading technology providers so that clients can choose the capabilities that best fit their needs while maintaining seamless workflows. We’re excited to take this next step with Portware in collaborating and delivering an enhanced experience for our mutual clients.”

The new capabilities will become available on the Aladdin® platform to mutual clients starting March 2022, with additional capabilities to be rolled out throughout 2022 and 2023.

Source: FactSet

Related articles

  1. Trading Europe From ‘Across the Pond’

    The faster set up of new bonds means clients can service early secondary execution more quickly.

  2. Tokenization of bonds is one of the initiatives financial institutions are most eager to pursue.

  3. BlackRock estimates bond ETFs will reach $5 trillion in assets by the end of the decade.

  4. Clearinghouses Ease Transition to Basel III

    Responsibility for initiating this process lies with the bond issuer.

  5. ISDA survey shows variety of views on whether increased clearing would improve resilience and efficiency.