Cassini Integrated into Aladdin
Posted by Colin Lambert. Last updated: June 16, 2021
Cassini Systems has had its margin and collateral analytics for derivatives markets integrated into BlackRock’s Aladdin platform to allow mutual clients to factor margin-based analytics into their pre- and post-trade decision making.
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). Pre-trade initial margin capabilities will be offered from September.
With the collaboration, users will be able to understand and control margin requirements at all stages of the trade lifecycle. This includes the ability to analyse drivers and movement in margin exposure, identify opportunities to optimise collateral, and maximise margin efficiencies across the entirety of a firm’s book of business.
“[This will] help clients more efficiently manage their margin by leveraging analytics at multiple points during the derivatives lifecycle,” says 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 utilise their derivatives and collateral operating model on Aladdin.”
Liam Huxley, CEO of Cassini Systems, adds, “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 in the industry.”