A software that manages $21 trillion

No, as the name implies, it has nothing to do with Aladdin and the Arabian Nights' magic lamp. Although the task it performs is comparable to that of a genie who grants wishes. The Aladdin (Asset, Liability, Debt, and Derivative Investment Network) system monitors the markets and prevents anything from going wrong.

Aladdin was first introduced in the year 2000 as a user-friendly investment management solution. BlackRock has always had Aladdin at its core. It was initially created to handle BlackRock's operations, and the firm remains Aladdin's major user today. Aladdin provides clients with the same technology and intellectual capital that BlackRock employs to manage investments on a daily basis. To manage funds, it connects people and technology.

This software works with thousands of computers and is always seeking to govern the global financial environment. Apart from BlackRock, it is being used by many BlackRock clients to manage their investments.

Since the financial crisis of 2008, demand for Aladdin has risen dramatically around the world, and it has now established itself as one of the most essential components of the global investment management sector.

The system is involved in everything from portfolio management to risk management; it's all about ensuring that the client has a seamless investing process with the support of a lot of computers and people. It provides proper risk analytics with the tools required for portfolio management, such as trading, operations, and accounting.

Clients of Aladdin benefit from increased profitability, front-office productivity, and efficiency. Aladdin technology is more than just investing software; it delivers transparency and connectivity to the global financial ecosystem, serving the needs of Investment Managers, Pension Funds, Insurers, and others.

Aladdin frees up investment managers to concentrate on what they do best: interpreting data, making investment decisions, and providing service to clients. Risk management framework creation, continuing risk reporting, including analyses relative to liability-based benchmarks, and custom analysis, training, and education are among the services provided by pension funds. Aladdin offers comprehensive multi-asset class risk analysis across externally and internally managed assets, a full investment management platform, and outsourced middle office and investment accounting services to help insurers effectively manage their investment portfolios. The combination of Aladdin's market-leading capabilities for public markets with eFront's capabilities for private markets establishes a new standard in investment and risk management technology. They provide a Whole Portfolio View by allowing investors to manage their portfolios across public and private asset classes on a single platform.

Some of the features that make Aladdin different and unique are:

• Aladdin has more than 240 clients all over the world, with over 55,000 investment personnel connected to it and relying on it.
• Paperwork is no longer required thanks to the existence of this wonderful programme.
• Eliminate excessive machine repair costs.
• This programme allows you to trade bonds without having to go through a middleman.
• The programme is used to manage the fortunes of some of the world's most powerful corporations.
• A centralised database is included in the software.
• Aladdin includes a climate risk reporting tool that warns users if their portfolio is at danger due to climate change.

Thank you.

Regards,
Shriya Doshi (Section L),
Kautilya,
IBS Mumbai.