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The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

BlackRock Taps Panopticon for “Big Data Challenge”

Investment manager BlackRock is tapping Panopticon for its suite of information visualisation products, including its Developer SDK for Java and .NET, the Panopticon EX enterprise application and the Panopticon Rapid Development Kit.  The tools will allow BlackRock to deploy Panopticon Treemap, Heatmap and other interactive data visualisation tools to support its internal operations and in client-facing applications.

BlackRock also plans to incorporate Panopticon into its Aladdin Enterprise Investment System, a platform that combines sophisticated risk analytics with portfolio management, trading and operations functions.  Aladdin is used internally at BlackRock and provided to over 45 external clients through BlackRock Solutions.

Jeffrey Dean, director of high frequency data & analytics at BlackRock, says: “We fully recognise the need for real-time access to trading, risk and market data in all of our operations.  Panopticon is the only data visualisation vendor in the market capable of supporting our requirements, which include the ability to visualise data from CEP engines, real-time message queues and tick databases as well as traditional relational data repositories.”

Richard Wilkinson, SVP Americas, Panopticon, notes: “BlackRock epitomises the big data challenge in capital markets applications.  Panopticon allows users to take massive quantities of tick, time series and trading data to quickly understand the performance of trading operations.  Visualising Transaction Cost Analysis (TCA) and real time performance analytics provides insights where data volume and velocity would previously drown out exposure and opportunity alike.”

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