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Investment Analytics · head to head

BlackRock Aladdin vs LSEG Workspace

BlackRock Aladdin logo

BlackRock Aladdin

Investment Analytics

BlackRock's investment management platform for risk, trading, operations and accounting

From
On request
Free plan
No
Full reviewWebsite
LSEG Workspace logo

LSEG Workspace

Investment Analytics

LSEG's financial data terminal with Reuters News, analytics, AI agents and Microsoft 365 integration

From
On request
Free plan
No
Full reviewWebsite

The short version

  • Each has a real cost: BlackRock Aladdin no pricing, licence structure or implementation timeline is published on any Aladdin page; every product leads to a contact form.; LSEG Workspace no published commercial pricing. LSEG's service overview says applications are not sold individually but packaged into workflow propositions through an account team; the only figure published is for the academic Campus variant (checked November 2026).
  • They diverge on capability: BlackRock Aladdin covers Front-to-back investment platform, LSEG Workspace covers Reuters News and 10,000 sources.
  • Prices and features above were last checked on 12 November 2026.

Where they differ

Only the attributes on which BlackRock Aladdin and LSEG Workspace actually diverge.

Attributes where BlackRock Aladdin and LSEG Workspace differ
AttributeBlackRock AladdinLSEG Workspace
PlatformsWeb, APIWindows, macOS, Web, iOS, Android, API

Identical on both: starting price (On request), pricing model (quote), free tier (No), user rating (Not yet rated), category (Investment Analytics).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in BlackRock Aladdin

  • Front-to-back investment platform
  • Aladdin Risk
  • Whole portfolio view with eFront and Preqin
  • Aladdin Wealth
  • Aladdin Provider
  • Aladdin Climate
  • Aladdin Data Cloud
  • Aladdin Studio and Copilot

Only in LSEG Workspace

  • Reuters News and 10,000 sources
  • StarMine and MarketPsych analytics
  • Fundamentals and I/B/E/S estimates
  • Portfolio analytics
  • Workspace AI agents
  • Microsoft 365 integration
  • CodeBook and LSEG Data Library
  • LSEG Messenger

What people use each for

The jobs each tool is most often brought in to do.

BlackRock Aladdin

  • Running portfolio management, trading, compliance and operations for an asset manager or insurer on one platformnot LSEG Workspace
  • Multi-asset risk analytics and stress testing across a whole portfolionot LSEG Workspace
  • Combining public and private market holdings in one view through eFront and Preqinnot LSEG Workspace
  • Model portfolio management and rebalancing at scale for a wealth managernot LSEG Workspace
  • Outsourcing middle office and fund accounting to an asset servicer on the manager's own Aladdin instancenot LSEG Workspace
  • Climate scenario analysis on listed and unlisted assetsnot LSEG Workspace

LSEG Workspace

  • Following markets and Reuters News on a research or trading desknot BlackRock Aladdin
  • Equity research with fundamentals, I/B/E/S estimates and StarMine modelsnot BlackRock Aladdin
  • Portfolio performance, risk and attribution with MSCI RiskMetrics and Barra Optimizernot BlackRock Aladdin
  • Building Excel and PowerPoint outputs from LSEG data with the Office add-insnot BlackRock Aladdin
  • Prototyping quantitative research in Python through CodeBooknot BlackRock Aladdin
  • Migrating former Eikon users and Eikon Data API scriptsnot BlackRock Aladdin

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

BlackRock Aladdin

  • No pricing, licence structure or implementation timeline is published on any Aladdin page; every product leads to a contact form.
  • The vendor is also one of the world's largest asset managers. BlackRock separates BlackRock Solutions from its investment arm, but competing managers still run their positions and orders on a rival's technology.
  • It is built for institutions: there is no self-serve tier, trial or package for small advisers or individual investors.
  • Aladdin is an operating platform rather than a research desk, and much of its market, index and ESG data comes from partners such as MSCI, LSEG and Sustainalytics that are licensed separately.
  • Adopting the full platform means moving trading, compliance and accounting onto it, which makes it a front-to-back change of operating model and hard to unwind, rather than a tool added alongside existing systems.
  • BlackRock's own pages give inconsistent counts of how many institutions use Aladdin, so scale cannot be checked from the vendor's material.

LSEG Workspace

  • No published commercial pricing. LSEG's service overview says applications are not sold individually but packaged into workflow propositions through an account team; the only figure published is for the academic Campus variant (checked November 2026).
  • Code written against Eikon's APIs has to be rewritten: the Eikon COM APIs and Eikon Data API are replaced by the LSEG COM Library for Workspace and the LSEG Data Library.
  • AI agent availability varies by surface and entitlement: Company Intelligence in Microsoft Teams was listed as coming soon, and LSEG tells users to contact their representative for access.
  • LSEG Messenger is free but, per the service overview, may not come by default with every Workspace variant, and live chat support is not available in the mobile app.
  • The Refinitiv brand transition is unfinished in places: the web sign-in on LSEG's download page still points to workspace.refinitiv.com and the developer community to community.developers.refinitiv.com.

Pricing, plan by plan

BlackRock Aladdin

On request
  • Aladdin Enterprise$undefined/mo
    • No prices published; prospects contact the Aladdin team
    • Front-to-back platform across public and private markets
  • Aladdin Risk$undefined/mo
    • Priced by quotation
    • Risk and return analytics without order management, trading or operations
  • Aladdin Wealth$undefined/mo
    • Priced by quotation
    • Platform for wealth managers and their advisers

LSEG Workspace

On request

No published plan breakdown. See the LSEG Workspace review.

Which should you pick?

Choose BlackRock Aladdin if

  • You need front-to-back investment platform.
  • You work on Web, API.
  • You also want aladdin risk.
BlackRock Aladdin review

Choose LSEG Workspace if

  • You need reuters news and 10,000 sources.
  • You work on Windows, macOS, Web, iOS, Android, API.
  • You also want starmine and marketpsych analytics.
LSEG Workspace review

Questions people ask

Is BlackRock Aladdin or LSEG Workspace better?
Neither clearly leads. BlackRock Aladdin starts at On request and LSEG Workspace at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, BlackRock Aladdin or LSEG Workspace?
BlackRock Aladdin starts at On request and LSEG Workspace at On request.
Does BlackRock Aladdin or LSEG Workspace run on more platforms?
BlackRock Aladdin runs on Web, API. LSEG Workspace runs on Windows, macOS, Web, iOS, Android, API.
What is BlackRock Aladdin best used for?
BlackRock Aladdin is most often used for running portfolio management, trading, compliance and operations for an asset manager or insurer on one platform, multi-asset risk analytics and stress testing across a whole portfolio, combining public and private market holdings in one view through efront and preqin, model portfolio management and rebalancing at scale for a wealth manager. Of those, running portfolio management, trading, compliance and operations for an asset manager or insurer on one platform and multi-asset risk analytics and stress testing across a whole portfolio are not what LSEG Workspace is typically brought in for.
What can BlackRock Aladdin do that LSEG Workspace cannot?
BlackRock Aladdin covers Front-to-back investment platform, Aladdin Risk, Whole portfolio view with eFront and Preqin, Aladdin Wealth. LSEG Workspace covers Reuters News and 10,000 sources, StarMine and MarketPsych analytics, Fundamentals and I/B/E/S estimates, Portfolio analytics.

Answered from the vendors’ own pages

BlackRock Aladdin: What does Aladdin do?

Aladdin connects portfolio management, trading, compliance, operations and risk oversight on one platform and one set of data. It is multi-asset, covering equities, fixed income, FX, bank loans, derivatives and alternatives such as real estate, commodities and private equity.

Source
LSEG Workspace: What happened to Refinitiv Eikon?

LSEG withdrew Eikon from its product line on 30 June 2025 and replaced it with LSEG Workspace, which it had been upgrading Eikon users to since Workspace launched in 2020.

Source
BlackRock Aladdin: Since when has BlackRock sold Aladdin to other firms?

BlackRock began selling Aladdin in 1999. It is sold through BlackRock Solutions, which BlackRock describes as a business unit distinct from its investment management business.

Source
LSEG Workspace: Is Refinitiv the same company as LSEG?

LSEG completed its acquisition of Refinitiv in 2021, after which Refinitiv stopped operating as a standalone company. LSEG Data & Analytics is the direct successor to Refinitiv's data and analytics business.

Source
BlackRock Aladdin: Can Aladdin be bought for risk analytics only?

Yes. Aladdin Risk provides the risk and return analytics without order management, trading or operations, and can be paired with BlackRock's risk consulting services.

Source
LSEG Workspace: How much does LSEG Workspace cost?

Commercial pricing is not published. Applications are packaged into propositions based on user workflows and quoted through an account team. The academic Campus variant is described as starting at $6.67 per user for a minimum of 100 users.

Source
BlackRock Aladdin: How does Aladdin handle private markets?

Through eFront, acquired by BlackRock in 2019, and Preqin, acquired in 2025. BlackRock is integrating Preqin's data and research tools with Aladdin and eFront, starting with Preqin benchmarks available inside Aladdin.

Source
LSEG Workspace: Which platforms does LSEG Workspace run on?

Windows 10 or later and macOS 11 or later as desktop applications, in Chrome, Edge and Safari on the web, and as apps for iPhone, iPad and Android devices.

Source
BlackRock Aladdin: What is Aladdin Copilot?

A generative AI layer across the Aladdin platform that gives answers through a conversational interface with permission-dependent access to insights. It is available to all Aladdin clients, does not give investment advice and does not answer questions outside the platform.

Source
LSEG Workspace: What AI features does Workspace have?

Workspace agents including AI Search, Company Intelligence and Deep Research. AI Search and Deep Research are available in Workspace and Workspace for Microsoft Teams, and Deep Research outputs can be exported to Excel.

Source
BlackRock Aladdin: What is Aladdin Data Cloud?

A managed investment data platform powered by Snowflake, preloaded with normalised Aladdin data, that can also hold non-Aladdin data with access controls and connects to business intelligence tools for dashboards and custom analytics.

Source
BlackRock Aladdin: How much does Aladdin cost?

BlackRock does not publish pricing for Aladdin or any of its products. Prospective clients are directed to contact the Aladdin team.

Source
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