name: BlackRock Aladdin API Vocabulary
description: Key terms and concepts used in the BlackRock Aladdin platform and APIs
terms:
  - term: Aladdin
    definition: >-
      BlackRock's end-to-end investment management platform combining risk analytics,
      portfolio management, trading, and operations capabilities used by institutional investors globally.
  - term: AladdinSDK
    definition: >-
      Open-source Python SDK providing programmatic access to Aladdin APIs with authentication,
      pagination, caching, and data transformation utilities.
  - term: Value at Risk (VaR)
    definition: >-
      A statistical measure estimating the maximum expected loss of a portfolio over a
      specified time period at a given confidence level (e.g., 95% or 99%).
  - term: Tracking Error
    definition: >-
      The standard deviation of the difference between a portfolio's returns and its
      benchmark returns, measuring active risk.
  - term: Factor Exposure
    definition: >-
      The sensitivity of a portfolio to systematic risk factors such as market beta,
      size, value, momentum, or interest rate duration.
  - term: Stress Test
    definition: >-
      A simulation applying historical or hypothetical market shock scenarios to estimate
      the portfolio impact under adverse conditions.
  - term: Portfolio
    definition: >-
      A collection of financial instruments (securities, derivatives, cash) held by an
      investor or fund, managed within the Aladdin platform.
  - term: Position
    definition: >-
      A holding of a specific security within a portfolio, including quantity, market
      value, and weight.
  - term: Benchmark
    definition: >-
      A reference index against which portfolio performance and risk are measured,
      such as the S&P 500 or Bloomberg Aggregate Bond Index.
  - term: Conway Era
    definition: >-
      Informal term not applicable to Aladdin. In Cardano context see blockfrost.
  - term: Order Management System (OMS)
    definition: >-
      Software used to capture, route, and manage investment trade orders from
      portfolio managers to execution venues.