BUY-SIDE TECHNOLOGY AWARDS: Best buy-side risk/portfolio analytics product: Algorithmics
Risk management has, since the credit crisis and ensuing global recession, become one of the most prominent business processes that needs to be managed by all buy-side organizations, regardless of their location and the complexity of the trading and investment strategies they employ. Traditionally, specialist buy-side-oriented risk applications have been “retrofitted” sell-side offerings—great for functionality and breadth-of-product coverage, but a real handful to manage when it comes to their invariably lengthy implementations. Back in early 2007, Algorithmics introduced its Algo Risk Service to the market, hosting the application for buy-side firms and taking care of all the heavy lifting when it came to extrapolating all the required risk measures.
Needless to say, with the Toronto-based vendor’s third consecutive win in this category—a category that received no fewer than 13 entries, making it the second-most competitive award after “Best newcomer”—and a client list totaling some 80 buy-side firms, ranging from bulge-bracket long-only shops to the most sophisticated hedge funds, this strategy has been hugely successful.
Enhancements to the Algo Risk Service rolled out over the past 12 months include: Algo Risk Inside, allowing the redistribution of risk analytics through Algorithmic’s clients who act as advisors or asset servicers to other users in order to provide packaged reporting addressing a variety of services; and “front-office deployment,” enabling traders to deploy client-specified analytics, data sources, valuation methodologies, and scenarios in order to engrain risk analytics more tightly into their investment process. —VBA
JUDGE'S COMMENT
What gave the Algo Risk Service the edge, to my mind, is its extensive risk measures and analytics, which are constantly being updated and improved.
ALGORITHMICS REACTION
“We are proud to win the award for best buy-side risk/portfolio analytics product for the third year running, particularly at a time when the buy side continues to radically review its approach to risk management. As a managed service, the strategy behind Algo Risk Service since its inception has been to avoid a ‘one-size-fits-all’ approach to risk reporting and to provide a risk management platform that can be tailored to each of our clients’ unique requirements. During 2010, based on demand from our clients, we have enhanced Algo Risk Service to offer even greater customization capability and packaged extensions that incorporate risk analytics, traditionally associated with the banking sector. These expanded capabilities span a number of risk areas including counterparty credit risk, liquidity risk, portfolio replication, advanced risk reporting, and custom scenario analysis. I thank all our clients who supported us in winning this award.”
—Andrew Aziz, executive vice president, buy-side business, Algorithmics
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Witad Awards 2024: Rising star (vendor) – data, engineering & product development—Roberta Bill, SmartStream Technologies
Roberta Bill, product manager at SmartStream Technologies, wins rising star (vendor) – data, engineering & product development, in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Technology leader of the year (end-user)—Sejal Shah, BNP Paribas India Services
Sejal Shah, director and head of Global Markets IT BNP Paribas India Services, wins technology leader of the year (end-user) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Reference data professional of the year (end-user)—Ludmilla Morgunova, BNP Paribas
Ludmilla Morgunova, Java developer on BNP Paribas’ Referential Data Platform, wins reference data professional of the year (end-user) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Vendor professional of the year (trading and risk)—Mina Wallace, SS&C Algorithmics
Mina Wallace, general manager and senior vice president of the risk management business unit at SS&C Algorithmics, wins the vendor professional of the year (trading and risk) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Above and beyond award (vendor)—Susan Bennett, Tradeweb
Susan Bennett, managing director, global head of product marketing at Tradeweb, wins the above and beyond award (vendor) in the 2024 Women in Technology and Data Awards.
Women in Technology & Data Awards 2024: All the winners and why they won
WatersTechnology honored the winners of the 36 categories in the 2024 Women in Technology & Data Awards, who were announced at a sit-down lunch in London on International Women's Day on March 8.
AFTAs 2023: Best new technology introduced over the last 12 months (data & data services)—SS&C Aloha
Northern Trust: Improving transparency across the asset servicing market
Northern Trust won three categories in the 2023 American Financial Technology Awards. Paul d’Ouville, global head of technology solutions and servicing at Northern Trust, discusses his firm’s fourth consecutive win in the Best reporting initiative…
Most read
- Women in Technology & Data Awards 2024: All the winners and why they won
- Witad Awards 2024: Above and beyond award (vendor)—Susan Bennett, Tradeweb
- Fighting FAIRR: Inside the bill aiming to keep AI and algos honest