Module · 11 · Institutional Pricing
Pricing — benchmarked to the institutional stack
Three transparent tiers indexed to AUM and module footprint. All prices in USD, billed annually in advance, with a soft floor that protects boutiques and a bps glide-path that compresses with scale.
Atelier
Single-strategy boutique · ≤ USD 1B AUM
$18,500
/ month base
+ 0.8 bps on AUM · floor USD 220K / yr
Seats: 25 · Target: Family office · single-strategy hedge fund · launch managers
vs SimCorp Coric · Allvue Everest — ~55% cheaper
- Jasmine OMS/EMS · IBOR/ABOR
- Banking & settlement (SG + 1 jurisdiction)
- GIPS-aligned performance & Brinson attribution
- Investor portal · LP statements
- 5 IC users, 20 ops, 100 LPs
- Standard SLA 99.9% · email support
Citadel
recommendedMulti-strategy asset manager · USD 1B–25B
$64,000
/ month base
+ 1.4 bps on AUM · floor USD 770K / yr
Seats: 120 · Target: Asia multi-strat HF · regional asset manager · DFI
vs Charles River IMS · SimCorp Dimension — ~45% cheaper, faster onboarding
- Everything in Atelier
- All 11 Jasmine modules incl. Risk & Performance
- Multi-jurisdiction (SG·HK·MY·ID·JP)
- VCC + Labuan PCC + KIK-EBA wrappers
- FIX OMS · TCA · algo wheel
- Fund accounting + multi-GAAP NAV
- Dedicated CSM + 24×5 support
- SLA 99.95% · pen-test annual
Sovereign
Tier-1 institution · > USD 25B AUM
$175,000
/ month base
+ 0.9 bps on AUM · floor USD 2.1M / yr (negotiated)
Seats: unlimited · Target: Sovereign wealth · global asset manager · G-SIB private bank
vs BlackRock Aladdin Wealth / Aladdin Climate — ~50% cheaper, modular
- Everything in Citadel
- Dedicated tenant + private VPC
- Source-code escrow + DR replica in-region
- Capital-Lifecycle bridges (IDX, Bursa, Tadawul)
- Direct connect into custodian (DBS, HSBC, SCB, BNY)
- On-prem deployment option (Sovereign Cloud)
- Quarterly red-team + DORA TLPT
- SLA 99.99% · 24×7 named SRE
Industry benchmark — public RFP ranges
| Vendor | Platform $ / yr | AUM bps | Notes |
|---|---|---|---|
| BlackRock Aladdin | $1.5M – $20M+ | 5 – 8 | Heaviest footprint; deep risk. |
| SimCorp Dimension | $0.8M – $4M | — | Multi-asset front-to-back, on-prem. |
| Charles River IMS | $0.6M – $3M | — | OMS leader, less PE depth. |
| eFront (BlackRock) | $0.4M – $2M | — | PE/RE focused, investor count drives. |
| Allvue / iLevel | $0.3M – $1.5M | — | Mid-market PE / credit. |
| Bloomberg AIM | terminal + AIM seat | — | Bundled with terminal. |
| Horizon (this platform) | $0.22M – $2.1M | 0.8 – 1.4 | Modular, Asia-native, on-chain rail included. |
Ranges sourced from public RFP awards, industry analyst reports (Celent, Aite-Novarica), and disclosed enterprise agreements. Spot prices vary by region and module bundle.
Optional add-ons
Capital Lifecycle bridge
Per market — IDX, Bursa, Tadawul, ADX
$45K / yr / market
On-chain rail (Algorand PQ)
FALCON signing, atomic DvP, regulator node
$120K / yr
Sovereign Cloud (on-prem)
Single-tenant deployment + air-gap option
from $480K / yr
Direct-to-custodian connect
DBS, HSBC, SCB, BNY, JPM — leased line
$60K / yr / venue
DORA TLPT + red-team
Annual full-scope, includes attestation
$220K
Implementation programme
12–20 wk delivery, including data migration
from $350K fixed