FactSet and BlackRock Now Partnering to Offer Portware’s EMS Capabilities with Aladdin
February 23 2022 - 8:00AM
FactSet (NYSE:FDS) (NASDAQ:FDS) and BlackRock (NYSE:BLK) today
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.
About FactSet
FactSet (NYSE:FDS | NASDAQ:FDS) delivers superior content,
analytics, and flexible technology to help more than 162,000 users
see and seize opportunity sooner. We give investment professionals
the edge to outperform with informed insights, workflow solutions
across the portfolio lifecycle, and industry-leading support from
dedicated specialists. We're proud to have been recognized with
multiple awards for our analytical and data-driven solutions, with
the distinction of having been recently added to the S&P 500,
and repeatedly scored 100 by the Human Rights
Campaign® Corporate Equality Index for our LGBTQ+ inclusive
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FactSet
Investor Relations Contact:
Kendra
Brown
+1.203.810.2684
kbrown@factset.com
Media Contact:
Lisa
Knoll
+1.203.810.1327
lknoll@factset.com
Source: FactSet financial data and analytics.
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