Aladdin (BlackRock)

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Aladdin
Developer(s)BlackRock
Initial release1988
TypeFinancial software
LicenseProprietary
WebsiteOfficial website

Aladdin (Asset, Liability and Debt and Derivative Investment Network)[1] is an electronic system built by BlackRock Solutions, the risk management division of the largest investment management corporation, BlackRock, Inc. In 2013, it handled about $11 trillion in assets (including BlackRock's $4.1 trillion assets), which was about 7% of the world's financial assets, and kept track of about 30,000 investment portfolios.[2] As of 2020, Aladdin managed $21.6 trillion in assets.[3]

Popular references

Adam Curtis's 2016 documentary HyperNormalisation cites the Aladdin system as an example of how modern technocrats attempt to manage the complications of the real world.

Technology

Aladdin uses the following technologies: Linux, Java, Hadoop, Docker, Kubernetes, Zookeeper, Splunk, ELK Stack, Git, Apache, Nginx, Sybase ASE, Cognos, FIX, Swift object storage, REST, AngularJS, TREP.[citation needed]

It was built/upgraded using Julia, i.e. "analytics modules for" were written in Julia.[4][5] It has also been reported that it was written originally in C++, Java and Perl.[6]

See also

References

  1. ^ "BlackRock: The $4.3 trillion force". Fortune. 7 July 2014. Retrieved 6 November 2015.
  2. ^ "The monolith and the markets". The Economist. economist.com. 7 December 2013. Retrieved 6 November 2015.
  3. ^ Rebecca Ungarino. Here are 9 fascinating facts to know about BlackRock, the world's largest asset manager popping up in the Biden administration, Business Insider, December 30, 2020
  4. ^ "BlackRock Analytics Platform". juliacomputing.com. Retrieved 2020-09-17.
  5. ^ "BlackRock's Julia-Powered Aladdin Platform Featured in New York Times – Julia Computing". juliacomputing.com. 2019-08-10. Archived from the original on 2019-08-10.
  6. ^ At Blackrock, machines are rising over managers to pick stocks (nytimes.com) Y Combinator