Algorithmicsâ analytics solutions, which measure and manage market, credit, liquidity and operational risk, help financial organizations make risk-aware business decisions, maximize shareholder value, and meet regulatory requirements.
Commenting on the results, John Macdonald, Executive Vice President, Algorithmics, said: âWe are delighted that Algorithmics has received this recognition for our analytics solutions from Waters readers for the second year running and we would like to thank everyone who voted for us.
âAs our clientsâ risk management requirements continue to evolve in the current fluid regulatory environment, we continue to provide innovative risk solutions based on our award winning analytics. Over the last year alone we have developed new solutions for credit value adjustment (CVA) and further enhanced our liquidity risk and Solvency II solutions. With the help of our clients, we continue to develop risk-aware business applications that support their decision making and business growth strategies.â
More than 1,200 votes were cast in this yearâs Waters Rankings by readers of Waters magazine, Algorithmicsâ clients and other market participants. In the category of Best Risk Analytics Solution Provider, 24.2 percent of voters chose the Algorithmics solution, while the second and third place runners-up came in at 17.1 percent and 16.9 percent respectively.
Victor Anderson, editor of Waters, reported: âThe win is not only a reflection of its significant traction across all segments of the financial services vertical - itâs also an acknowledgment by the market of the vendorâs ability to identify and address the most acute needs facing industry participants. In addition to its traditional strengths of market and credit risk, Algorithmics has added support for collateral management, liquidity management and counterparty risk, all high-profile risk concerns across the sell and buy side, moves reflected by last yearâs Buy-Side Technology product of the year award and Risk magazineâs enterprise-wide management vendor award.â