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]

Senior Managing Director Sudhir Nair is the current Global Head of BlackRock's Aladdin program.[4]

Popular references[edit]

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[edit]

Aladdin uses the following technologies: Linux, Java, Hadoop, Docker, Kubernetes, Zookeeper, Splunk, ELK Stack, Git, Apache, Nginx, Sybase ASE, Snowflake,[5] 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.[6][7] It has also been reported that it was written originally in C++, Java and Perl.[8]

See also[edit]

References[edit]

  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. ^ "Sudhir Nair". BlackRock. Retrieved 2022-12-12.
  5. ^ "BlackRock To Launch the "Aladdin Data Cloud" Powered by Snowflake". BlackRock. Retrieved 2022-12-12.
  6. ^ "BlackRock Analytics Platform". juliacomputing.com. Retrieved 2020-09-17.
  7. ^ "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.
  8. ^ At Blackrock, machines are rising over managers to pick stocks (nytimes.com) Y Combinator