"This is not going to transform
Repeating arguments he has made on prior earnings conference calls, Fink said the trading platform was aimed at filling a gap in trading that might occur if
"We are responding to the regulatory regime that is transforming the future ways of the business," Fink said.
The system is related to the
And it follows the same track taken by Aladdin. The risk management system was first used internally at
"If we could see a narrowing in bid/ask spreads, we don't need the Aladdin trading platform," Fink said.
The platform garnered renewed attention last week when the
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