Risk Magazine Ranks Savvysoft #1 in Derivatives Analytics for Fifth Consecutive Year

New York - 12 December 2008

Savvysoft announced today the company has won top rankings in virtually every analytics category of the prestigious Risk Magazine 2008 Customer Satisfaction Survey. This includes two #1 rankings in analytics, where no other analytics vendor had more than 1 #1 ranking.

Savvysoft ranked #1 in Cross Asset and #1 in Interest Rates. Savvysoft also ranked #2 in Structured Products in a virtual tie for #1, #3 in Credit, and #4 in Commodities, for top rankings in nearly every single analytics category. When assessed across all derivatives software providers, including those with multiple products costing as much as fifty times more, Savvysoft scored a remarkable #6 overall. It is noteworthy that Savvysoft was the only analytics vendor to finish in the top 10 overall.

“We continue to succeed at helping our customers, and that's never been more important than now,” said Rich Tanenbaum, Savvysoft founder & CEO. “With all the turmoil and upheaval in the markets over the past year, we're proud that we have provided our clients with the tools to survive in these tumultuous times.”

As the accompanying article notes, Savvysoft's results are once again “an outstanding achievement.” Savvysoft has continued to be at the forefront of technological innovation this year, including the market’s first Libor Market Model to employ a multi-factor recombining tree, making it up to 50 times faster and more accurate than Monte Carlo simulation. Savvysoft’s offerings have also been extended to cover the latest accounting standards, including FAS 157 and FAS 159, and the firm is responding to the global economic crisis with models to value illiquid securities such as complex CDO tranches, and Auction Rate Securities, and innovative risk management tools to measure both market risk and counterparty credit risk.

Full results of Risk's Financial Technology Survey are available in Risk's December 2008 edition.

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development