Algorithmics managed service wins at Buy-Side Technology Awards three years in a row

Toronto, London - 8 November 2010

For the third year running, Algorithmics, the world's leading provider of risk solutions, has won the Best Buy-Side Risk/Portfolio Analytics Product at the 2010 Buy-Side Technology Awards for its risk management and portfolio construction service, Algo Risk Service.

Dr Andrew Aziz, Executive Vice President, Risk Solutions, Algorithmics, said: "We are proud that Buy-Side Technology has recognized Algorithmics’ managed service for the third year running. Over the last 12 months, Algorithmics has worked with clients to enhance Algo Risk Service to offer even greater customization capabilities to meet their specific and wide-ranging business requirements. At a time when the buy side continues to radically review its approach to risk management, our clients know they can depend on Algorithmics to provide them with innovative, risk-aware applications that help them optimize their business.”

Victor Anderson, editor of Waters magazine, which incorporates the Buy-Side Technology Awards, commented: “Algorithmics’ win in this year’s Best Buy-Side Risk/Portfolio Analytics category makes it three wins in the last three years in what has become one of the most keenly contested categories of the entire awards. Given the buy side’s renewed emphasis on reliable, consistent and transparent risk management techniques resulting from ongoing regulatory and investor scrutiny, it will come as no surprise to those in the know that Algorithmics again finished top of the pile. In addition to the underlying technology embedded within the Algo Risk Service is its deployment model, which, at a time when the buy side is looking for fast, hassle-free implementations, makes perfect sense.”

Algo Risk Service is a risk management and portfolio construction platform, hosted and managed by Algorithmics, that provides a dedicated production environment configured uniquely for each client's specific business requirements and investment strategies. Clients include hedge funds, asset managers, pension funds, broker/dealers and insurance companies.

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