New York, NY (PRWEB) August 2, 2009
Algorithmics won Best Risk Analytics Provider in the 2009 Waters Rankings. The seventh annual Waters Rankings is an industry-respected award where the winners are chosen by the qualified readers of Waters magazine, a financial IT publication with more than 10,000 readers.
"The past eighteen months have proved one certainty: Investment firms must have a clear method of measuring and mitigating their risk exposure or disaster will occur. The readers of Waters who work inside investment firms clearly see Algorithmics as the leader in the risk analytics space," says Phil Albinus, editor of Waters.
More than 1,000 readers of Waters magazine who work inside investment firms voted in this year's Waters Rankings. In the category of Best Risk Analytics Provider, an estimated 28.5 percent of voters chose the Algorithmics solution, while the second and third place runners-up came in at 14.9 percent and 12.7 percent respectively.
Each year, the readers of Waters are invited to choose the best financial IT services and solutions that help CIOs and CTOs get their job done. This year, more than 1,000 voters filled out the Waters Rankings ballots. The qualified Waters Rankings voters work inside today's leading investment firms, hedge funds and exchanges. Technology vendors and media relations firms were not allowed to vote.
The winners of the 2009 Waters Rankings will be announced in the July 2009 edition of Waters and on the Waters web site: http://www.watersonline.com. Waters also celebrated with the winners at an exclusive cocktail party and awards ceremony at Metrazur in New York's Grand Central Terminal on June 30, 2009.
Waters is the leading source for news and analysis in the financial IT arena. Since its launch in 1993, Waters magazine delivers information and insight to the chief information officers and chief technology officers who work inside leading institutional investment firms, hedge funds and exchanges. Waters covers the confluence of business and technology in market data, trading & risk management and infrastructure as well as the human issues of talent management, staff retention and compensation. Waters has more than 10,000 subscribers worldwide and presents all-day conferences, exhibits, and webinars. Each Tuesday, nearly 14,000 subscribers receive the weekly Waters News alert. For more information, please visit http://www.watersonline.com.
For any questions about Waters Rankings and how to qualify for next year, please contact Phil Albinus, editor for Waters, at phil.albinus(at)incisivemedia.com.