BlackRock has integrated FIA Tech’s Trade Data Network into its Aladdin platform. The move gives asset managers on Aladdin a standardised post-trade operating model for exchange-traded derivatives (ETDs), along with closer connectivity and streamlined workflows with sell-side firms and clearing houses.
The Trade Data Network pulls ETD post-trade data in real time from several sources, including executing brokers, CCPs, clearing brokers and clients. Its matching services then build a single trade lineage on a common, secure, standards-based ledger.
Clients of both firms will be able to use the network directly within Aladdin workflows, with the aim of unifying post-trade processes and data across counterparties as the industry moves towards T+0. The two firms say the goal is a more efficient T+0 operating model for a market that has long relied on fragmented, manual processes.
“Transforming post-trade is about connecting the industry around trusted, real-time data and interoperable workflows – not creating more bifurcated point-to-point solutions,” said Lou Rosato, managing director at BlackRock.