Investment manager Franklin Templeton has become the latest buy-sider to integrate BlackRock’s flagship order management platform, Aladdin.
The transition will begin in Q2 2025 and will be made up of phases over several years.
Aladdin supports the entire investment management process across asset classes.
Franklin Templeton confirmed the move will help it to unify its platform across asset classes as well as simplify its operations and reduce any long-term capital expenses.
It will also allow it to access an investment book of record via a single platform to “enable scale, provide insights and support business transformation”.
Several other asset and investment managers are either in the process of transitioning or have recently transitioned onto the Aladdin platform in the last year, according to sources familiar with the matter, with other similar announcements planned for the coming months.
Amongst them is Royal London Asset Management which streamlined its workflows through the migration from two separate order management systems (OMS) to BlackRock’s Aladdin in December last year.
Aladdin picked up the Editor’s Choice Award for Outstanding Trading Technology Provider at Leaders in Trading 2023.