IT - OEMS-PMS (RIO Only)

The North Dakota Order and Execution Management System (OEMS) and Portfolio and Treasury Management System (PMS) state-wide contract provides comprehensive technology and service solutions for advanced financial management and investment portfolio operations. Specifically designed to support end-to-end portfolio management and investment lifecycles, this vehicle enables multi-asset and multi-strategy internal direct investment capabilities. The contract covers sophisticated trading, risk reporting, portfolio management, and operational functionalities across various asset classes including fixed income, equities, and derivatives, with an anticipated transaction volume of up to 50,000 monthly and 10,000 daily transactions.

The contract is administered by the North Dakota Retirement and Investment Office (RIO) and is awarded to BlackRock Financial Management, Inc. for their Aladdin System. The state-wide vehicle is effective from August 5, 2024, to August 5, 2029, with potential options for two additional 36-month renewal terms. The contract encompasses system implementation, ongoing services, training, technical infrastructure, and support, covering the entire state of North Dakota. While specific total contract value details are not fully disclosed, the agreement provides comprehensive access to BlackRock's proprietary Aladdin platform, designed to enhance the state's investment management capabilities across multiple financial domains.