Algorithmics risk management and portfolio construction service, Algo Risk Service, has won the overall award for Best Buy-Side Technology Product at the 2009 Buy-Side Technology Awards. In addition, Algorithmics has also won the category award for Best Buy-Side Risk/Portfolio Analytics Product for the second year running.
I cant say that I was terribly surprised that Algorithmics scored a full house of votes in this years Best Buy-Side Risk/Portfolio Analytics category, repeating last years success, says Victor Anderson, editor of Buy-Side Technology. Algo Risk Service, with its blend of best-in-class risk and portfolio analytics and its hosted delivery which makes it so appealing to the buy-side market, is perfectly placed to extend its domination in this space for the foreseeable future.
We are proud that Buy-Side Technology has recognized Algo Risk Service with two awards this year, says Andrew Aziz, executive vice president, Risk Solutions, Algorithmics. During 2009 we continued to invest significantly in Algo Risk Service, working with our clients to meet the evolving needs of the buy side by adding new functionality for counterparty credit exposures, liquidity risk, earnings and cashflow analytics, as well as support for scheme management across pension assets and liabilities.
The awards are judged by a panel of buy-side-focused technology consultants, analysts and journalist who were unanimous in their votes for Algorithmics and commented: We would recommend Algorithmics suite of capabilities for firms interested in having an integrated market, credit and operational risk solution.
D.C.