Best Risk Analytics: Algorithmics

For the second straight year, Algorithmics has cleaned up in arguably the most competitive category in this year’s Rankings in the wake of the financial services downturn of 2008 and 2009. The win, however, wouldn’t come as much of a surprise to those in the know. The Toronto-based specialist risk vendor has, it seems, all its bases covered: Algorithmics started out by cornering the investment bank sector before shifting its focus to the institutional buy-side market and then finally to the hedge-fund sector, which it did through its Algo Risk Service launched in early 2007.

The win is not only a reflection of its significant traction across all segments of the financial services vertical—it’s also an acknowledgment by the market of the vendor’s 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 year’s Buy-Side Technology product of the year award and Risk magazine’s enterprise-wide risk management vendor award.  

1 Algorithmics (24.2%)
2 Moody’s (17.1%)
3 Numerix (16.9%)