Algorithmics’ collateral solution shortlisted for Best Post-trade Risk Management Product by Financial News

London and Toronto - 29 September 2011

Algorithmics, the leading provider of risk solutions, announced today that Algo Collateral, its market leading collateral management solution, has been shortlisted by Financial News for the Best Post-trade Risk Management Product in the Financial News Awards for Excellence in Trading & Technology, Europe 2011. The Awards aim to provide a forum at which the European financial services industry, from investment banks to fund managers, data providers to exchanges, gathers in London to be honored by Financial News and industry peers for excellence in their technology operations.

Financial News reported: “Algorithmics’ collateral management offering sets the standard for collateral management, remaining at the cutting edge of this increasingly critical part of the industry.”

Commenting on the results, David Wechter, Senior Director, Collateral Management, Algorithmics, said: “We are delighted that Algorithmics’ collateral management solution has been shortlisted by Financial News for this respected award. We see this as recognition of the increased visibility and importance of collateral management following the financial crisis as well as recognition of Algorithmics’ ability to deliver quality solutions in the credit and collateral space. As buy- and sell-side financial institutions prepare for central clearing of OTC derivatives, we continue to work with our clients to ensure our solutions are aligned with their business needs for the emerging clearing environment.”

This collateral management accolade is recognition of Algorithmics’ leading position in the market with almost 80 clients across 17 countries.

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