BlackRock’s new internal securities trading platform is not expected to start operations until the second half of this year, Reuters reports. The platform has been designed to allow the firm’s portfolio managers and customers to trade among themselves without relying on broker/dealers and public exchanges.

The New York-based money manager’s new system is expected to be available for the assets BlackRock manages in its own funds. The platform will also be available for other customers on its risk management program, called Aladdin.

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