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Bloomberg and Algorithmics deliver pre-integrated front-end trade capture and risk management system

Algorithmics' sophisticated risk analytics now available for Bloomberg Trade Order Management and Portfolio Trade Order Management System Subscribers via the Bloomberg Professional Service

TORONTO, Jan. 28 /CNW/ - Today, Bloomberg and Algorithmics announced their global alliance to deliver pre-integrated trading and risk solutions. The alliance, which brings together two respected market leaders, initially provides Bloomberg's trade capture, order management and position keeping systems, integrated with Algorithmics' market risk management applications as part of a single platform. Subsequent offerings will provide credit risk, collateral risk and risk data solutions.

Lou Eccleston, Global Head of Product Strategy Bloomberg comments on the alliance: "Bloomberg is committed to offering its customers the premier global
liquidity platform by delivering premier applications to the Bloomberg user.
With this integrated solution based on Algorithmics' leading Mark-to- Future TM) methodology, we are taking the Bloomberg Professional, Bloomberg Trade Order Management System and Portfolio Trade Order Management System to a whole new set of users."

Tanys Lancaster, Sales - Bloomberg "By offering a pre-integrated solution that combines a leading front-end trade capture system with the market-leading risk management application, our customers need not be concerned with the time and costs involved in integrating separate architectures, databases or technologies; they need only benefit from the results of the Algorithmics and
Bloomberg initiative."

Algorithmics sees the alliance as strong validation of its ASP and channel strategy, enabling the firm to deliver market-leading risk technology and the award-winning Mark-to-Future methodology to financial institutions that have typically been unable to warrant the expenditure on such sophisticated standalone applications. "This initial offering is aimed at servicing buy-side and sell-side institutions that either want to outsource their trade and risk management to a single source, or, those with limited resources that typically would not undertake complex implementations of software packages," said Michael Zerbs, Chief Operating Officer, Algorithmics.

"Another aspect of the alliance is Bloomberg's capability of delivering market leading risk solutions via the Bloomberg Professional to front-office users, addressing the need for pre- and post-trade risk management at the desk or portfolio level," said Jason Nabi, Manager, Channel Sales, Algorithmics.