Financial News reported: âAlgorithmicsâ collateral management offering sets the standard for collateral management, remaining at the cutting edge of this increasingly critical part of the industry.â
Commenting on the results, David Wechter, Senior Director, Collateral Management, Algorithmics, said: âWe are delighted that Algorithmicsâ 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 Algorithmicsâ 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.â
This collateral management accolade is recognition of Algorithmicsâ leading position in the market with almost 80 clients across 17 countries.