NEW YORK, June 15, 2021 /PRNewswire/ -- BlackRock
(NYSE: BLK) and Cassini Systems, a leading provider of pre- and
post-trade margin and collateral analytics for derivatives markets,
announced today that the two firms have entered into a strategic
partnership to integrate Cassini analytics into BlackRock's
Aladdin® platform. The integration will allow mutual clients to
factor margin-based analytics into their pre- and post-trade
decision-making.
Integrated into the Aladdin platform, Cassini's margin analytics
capabilities will empower traders, portfolio managers and
operations professionals to better understand and control margin
requirements at all stages of the trade lifecycle. This includes
the ability to analyze drivers and movement in margin exposure,
identify opportunities to optimize collateral, and maximize margin
efficiencies across the entirety of a firm's book of business.
"We are excited to partner with Cassini to help clients more
efficiently manage their margin by leveraging analytics at multiple
points during the derivatives lifecycle," said Sudhir Nair, Head of the Aladdin Business at
BlackRock. "The combination of the Aladdin platform's derivatives
capabilities with Cassini's margin analytics will enable our
clients to best utilize their derivatives and collateral operating
model on Aladdin."
The partnership builds on existing Aladdin derivatives
capabilities to provide pre-trade margin comparison and collateral
optimization.
"At Cassini, we're delighted that Aladdin chose our technology
for this integrated offering. Mutual clients, including BlackRock
itself, will now be able to leverage all of Cassini's front-to-back
margin and collateral analytics and optimization tools, natively
within Aladdin. The ability to optimize and manage margin
thresholds, as well as carry costs, at pre-trade time and execute
post-trade margin and collateral optimization natively in the same
platform represents a new step forward in the industry," said
Liam Huxley, CEO of Cassini
Systems.
The announcement is part of BlackRock's multi-year investment in
the Aladdin platform's derivatives functionality to enable clients
to comply with post-financial crisis regulations, including those
subject to the Uncleared Margin Rules (UMR). BlackRock and
Cassini will first offer joint pre-trade initial margin
capabilities in September.
About Cassini Systems
Founded in 2014, Cassini Systems
offers an award-winning derivatives margin analytical platform that
provides the industry's only front-to-back margin and cost analysis
across the entire lifecycle of a trade. Cassini users can calculate
any margin on any cleared or uncleared derivatives asset; analyze
drivers and movement in margin exposure; reduce Initial Margin
levels; and maximize margin efficiency with the firm's advanced
algorithms. Cassini services have a demonstrated track record of
enhancing portfolio returns throughout the daily business cycle,
empowering traders and portfolio managers with the ability to
analyze instantly in the pre-trade stage the all-in, lifetime cost
of a transaction. Top-tier hedge funds, asset managers and Tier 1
banks rely on Cassini for powerful, flexible, automated tools to
manage their portfolios of over-the-counter and exchange-traded
derivatives products. For more information, visit
www.cassinisystems.com.
About the Aladdin Platform
Aladdin is BlackRock's
end-to-end investment management and operations platform used by
institutional investors including asset managers, pension funds,
insurers, and corporate treasurers. It combines sophisticated risk
analytics with comprehensive portfolio management, trading,
operations, and accounting tools on a single, unified platform.
Also customized for wealth managers, Aladdin provides a common
language across the investment lifecycle and enables a culture of
risk transparency among users.
About BlackRock
BlackRock's purpose is to help more
and more people experience financial well-being. As a fiduciary to
investors and a leading provider of financial technology, we help
millions of people build savings that serve them throughout their
lives by making investing easier and more affordable. For
additional information on BlackRock, please visit
www.blackrock.com/corporate
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SOURCE Aladdin by BlackRock; Cassini Systems