"Algo Suite 4.4 addresses the key regulatory and business challenges that face our clients. It includes extensive Basel II functionality as well as Linux and distributed computing support," said Michael Zerbs, Chief Operating Officer at Algorithmics. "Algo Suite 4.4 leverages Algorithmics' proven Mark-to-Future (MtF) technology to provide cost-effective, on-time enterprise risk management. It enhances our clients' return on investment and reduces their cost of ownership through increased performance and on-time decision support."
Algo Suite is the first and only scalable enterprise suite of risk management solutions to measure and manage market, credit, and operational risk, as well as asset liability and collateral management, consistently across the banking (wholesale and retail) and trading books.
Basel II - Algo Suite 4.4 goes beyond Basel II compliance to provide a solid framework for sustainable, extendable and cost-efficient risk management and profitability. Algo Suite provides comprehensive functionality to support the data consolidation, computation, and reporting requirements associated with Pillar I of the Basel II Accord. Leveraging its open architecture and
enterprise-wide approach, Algo Suite also delivers the transparency necessary
to support the supervisory review and market discipline requirements of
Pillars II and III. Algo Suite provides a detailed breakdown of both risk and
capital across the enterprise, thereby assisting firms to improve the
management of their regulatory and economic capital. Finally, Algo Suite's
single risk architecture streamlines the number of systems and processes
required by a firm to obtain, analyze and audit its position, thus reducing
redundant systems and costs.
Linux and Distributed Computing - Through its Linux and distributed computing support capabilities, Algo Suite 4.4 will significantly enhance speed, reliability and scalability. It will enable firms to manage enterprise risk at a lower cost using Intel-based Linux machines. The heterogeneous solution runs on both Solaris and Linux platforms, allowing firms to utilize existing resources and migrate to a Linux environment in stages. All key simulation and analytical components, including RiskMapper, RiskWatch, Algo Risk Engine, and the server portion of the Algo Scenario Engine, can run on Red Hat Linux 7.3. Algo Market and Algo Credit clients are able to deploy Algo Suite 4.4 across a Linux grid to realize lower hardware costs in a scalable, reliable and dynamic computing environment. Using the award-winning GridServer technology from DataSynapse, the generation of the MtF cube can be split across multiple machines with each machine simulating a small part of the cube.
On-time Mark-to-Future - Algorithmics advanced Mark-to-Future framework forms the basis for delivering accurate, simulation-based analytics on-time, allowing users to assess the impact a new deal on a portfolio risk profile, while considering the effects of natural market offsets and other credit mitigation techniques. As a result, more instruments can be simulated in less time, hence reducing the need for analytic approximations.