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BlackRock will strengthen its derivatives capability on its Aladdin platform through a partnership with Cassini Systems.
This will make Cassini’s margin analytics tools available on BlackRock’s investment management and operations platform, enabling traders, portfolio managers and operations specialists to assess and control margin requirements at all points in the trade lifecycle, according to the service partners.
This release, which will be available to Aladdin users from September, is the latest step in BlackRock’s ongoing investment in its derivatives processing and analytics tools on the Aladdin platform.
For Aladdin customers, this will reinforce their ability to analyse margin exposure and to optimise collateral and margin allocation across their trading book, while also facilitating compliance with Uncleared Margin Rules and other post-2008 financial regulations.
According to BlackRock’s head of Aladdin business Sudhir Nair, the partnership will “help clients to manage their margin more efficiently by leveraging analytics at multiple points during the derivatives lifecycle”.
Liam Huxley, chief executive of Cassini Systems, says: “The ability to optimise and manage margin thresholds, as well as carry costs, at pre-trade time and execute post-trade margin and collateral optimisation natively in the same platform, represents a new step forward for the industry.”
