Flextrade and BlackRock Platforms to Integrate

Execution management system (EMS) provider Flextrade and Aladdin, the order management system (OMS) developed by asset manager BlackRock, are to deepen their partnership, with a seamless integration and collaboration between the platforms, in the latest example of consolidation across the market for execution management systems (EMS) according to Desk news. The two platforms have been largely successful in different asset classes – fixed income for Aladdin and equities/FX for Flextrade. The firms will now bring together BlackRock’s FI expertise and Flextrade’s equity / FX skills to allow users to trade seamlessly across the platforms based on asset class. This will be facilitated by connectivity between the two platforms via API. This closer integration is part of a strategy to deliver full end-to-end servicing via Aladdin, including order routing for flow products.