Barclays Global Investors installs BlackRock's Aladdin

Barclays Global Investors (BGI) has enlisted BlackRock Solutions' Aladdin enterprise investment system for its fixed-income risk analytics and processing. The investment arm of the UK’s Barclays Bank went live with Aladdin for domestic active fixed-income portfolios in April and domestic indexed fixed-income portfolios in June.

"Part of the reason for using BlackRrock is to accurately process our fixed-income activity in the US," said Paul Stevens, chief technology officer at BGI. “What we've done is to leverage BlackRock's ability and proficiency at modelling, analysing and estimating risk [and] produced lots of numbers with respect to attributes of the fixed-income portfolio.”

Stevens added that BGI could have tried to overhaul its in-house fixed-income capabilities but it would have taken too long. “It's worked well. The project was finished two weeks early, which is extraordinary, and it finished on budget."

BGI’s investment strategies remain proprietary. "That intellectual capital and the related supporting software and data capital are ours," said Stevens. "We've integrated, in more than one place, BlackRock's various capabilities to help shorten the development cycle."

The Blackrock implementation also gave BGI a chance to get rid of its multiplicity of point-to-point interfaces, which was done using IBM's MQSI messaging platform and BGI's central data repository, Globalshare.

For speed and ease of use, part of the system is being run at BGI's data centre, but fail-over takes place at Blackrock's New York processing centre.

Aladdin integrates risk analytics with a trade processing system, facilitating straight-through processing for large institutional investors. It handles equities, fixed income and derivatives, among other products.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Chartis RiskTech100® 2024

The latest iteration of the Chartis RiskTech100®, a comprehensive independent study of the world’s major players in risk and compliance technology, is acknowledged as the go-to for clear, accurate analysis of the risk technology marketplace. With its…

T+1: complacency before the storm?

This paper, created by WatersTechnology in association with Gresham Technologies, outlines what the move to T+1 (next-day settlement) of broker/dealer-executed trades in the US and Canadian markets means for buy-side and sell-side firms

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here