Algorithmics dominant global risk management systems company in Risk Magazine’s Technology Rankings

Algorithmics has once again been recognized as the dominant global risk management systems company in Risk Magazine’s annual Technology Rankings.

The magazine’s annual rankings are based on a poll of end users of risk management software products, who vote for the technology vendors they believe provide the best offering.

These users have voted Algorithmics into the top slot in five of the ten risk categories assessed:
• Regulatory capital management
• Economic capital management
• Assessment and key risk indicators for operational risk
• Capital calculation for operational risk
• Collateral management

For the other five risk categories assessed, that is market risk, internal loss databases for operational risk, trading and banking for credit risk, limit checking for credit risk and Basel II, Algorithmics was voted to be in either second or third place.

Clive Davidson, contributing editor at Risk, said, ‘In the risk management systems sector, Toronto-based Algorithmics held its dominant position across market, credit and operational risk, as well as collateral management and Basel II.’

Michael Zerbs, President and COO of Algorithmics, said, ‘I am very pleased that our clients have once again confirmed their satisfaction with our solutions by voting us top vendor in 50 percent of the risk categories assessed, and within the top three in all ten categories covered.

‘Recent market events confirm the importance of an integrated approach across all relevant risk categories – which is exactly what Algorithmics has pioneered and which has again been proven to be market leading. The ability to take a holistic enterprise view of market, credit, liquidity and operational risk and to understand the linkages and dependencies between those risk categories, has become an essential underpinning of effective risk management. Our risk aware market and credit risk applications for portfolio and asset liability management, regulatory and economic capital management and collateral management, help our clients develop their business activities and build shareholder value in a sustainable way.

‘As innovative institutions are increasingly pricing and trading credit risk thereby transforming it into market risk, solutions that take a consistent and integrated view of market and credit risk are becoming important building blocks for forward looking capital market operations

‘We will continue to work closely with our clients to develop the enhancements required to meet evolving financial markets, and to provide a level of service and satisfaction that will ensure we stay at the top of the vendor league table in the months and years ahead.’