The high ranking of Wall Street Systems is due to its strong performance in the criteria assessment categories of functionality, market presence and organisational strength.
This is the first time Chartis has presented an overall market assessment of the top vendors. The list ranks technology firms on the basis of research into the global market of risk management systems and the application of a detailed assessment methodology. Findings and analyses reflect its analysts' considered opinions and research of market trends, participants, expenditure patterns and best practice.
As well as listing the top 100 risk technology firms, the report also lists the top ten companies in each category. Wall Street Systems ranked highly for organisational strength, which takes sales execution, financial strength, implementation, support and thought-leadership into account. The company also achieved top ten positions for the market awareness and functionality categories.
The report also recognised Wall Street Systems as a leading contender in the risk trading space and named the company as one of few capitalising on the explosive growth in the derivatives market and the emergence of the hedge fund industry.
"It's been a very successful year for us, with this prestigious Chartis ranking being just one of several top industry accolades achieved," said Joel Mandelbaum, President and CEO of Wall Street Systems. "Being recognised for our organisational strength reinforces the advantages of the extended Wall Street Systems' capabilities and expertise thanks to the Trema acquisition. With such comprehensive and sophisticated offerings for both corporations and financial institutions, along with our commitment to risk management, we expect to build even further on this success next year."