Algorithmics Enhances Algo Risk Service with New Customization Capabilities

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Algorithmics, the leading provider of risk solutions, today announced that it has enhanced the customization capability of its award winning Algo Risk Service, a hosted risk management, portfolio analytics and decision support tool, by adding eight new service extensions.

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Algorithmics, the leading provider of risk solutions, today announced that it has enhanced the customization capability of its award winning Algo Risk Service, a hosted risk management, portfolio analytics and decision support tool, by adding eight new service extensions.

Unlike standard ASP services, Algo Risk Service is a managed service that has a dedicated client environment which offers the configuration flexibility normally associated with an in-house deployment. Algo Risk Service extensions are optional service extensions that complement and augment the award-winning Algo Risk Service, enhancing its already powerful functionality and offering clients the flexibility to customize the service even further. Algo Risk Service extensions give clients of Algo Risk Service access to a range of advanced data management, optimization, analysis and reporting tools, managed and supported by Algorithmics’ industry leading financial engineers and risk practitioners, in an environment uniquely customized to each client’s specific business requirements.

Roger Orde, Senior Director, Algo Risk Service, said: “Since its launch, Algo Risk Service has been recognised as an award winning risk technology solution for buy-side firms. The addition of these new service extensions, available on request, provides even greater flexibility for clients to tailor the service to their unique needs. A good example of this is the introduction of sophisticated, customized scenarios which represent enhancements of the standard scenarios available within the Algo Risk Service. No two portfolios are the same, so the question is why should any two scenarios be the same? The ability to select and apply custom scenarios that better reflect their risk profile makes a lot of a sense for most clients.”

The new service extensions for Algo Risk Service have been driven by evolving market requirements and changing client needs. For instance, counterparty credit exposure enables the monitoring, measuring and management of counterparty credit risk, with clients being able to see the impact of changes in portfolio composition on both market and credit exposure.

Dr Andrew Aziz, Executive Vice President of Buy-Side Solutions, Algorithmics, added: “The Algo Risk Service extensions have been developed based on demand from clients to be able to customize an already flexible product offering to meet very specific and bespoke business requirements and to address differing consumers of risk analytics. For example, a key trend arising out of the recent financial crisis has been the desire to distribute risk reporting more broadly and to make it more relevant to more areas within the business. The new advanced reporting service extension will do just that.”

For more information about the new Algo Risk Service extensions, please see:

For further information please contact:
Heather Smith
Senior Communications Manager, Algorithmics (UK) Ltd
Direct Line +44 (0)20 7392 5820
Mobile +44 (0)7515 974 223
Email heather(dot)smith(at)algorithmics(dot)com

Notes to editors:

Algorithmics is the world's leading provider of enterprise risk solutions. Financial organizations from around the world use Algorithmics' software, analytics and advisory services to help them make risk-aware business decisions, maximize shareholder value, and meet regulatory requirements. Supported by a global team of risk experts based in all major financial centers, Algorithmics offers proven, award-winning solutions for market, credit and operational risk, as well as collateral and capital management. Algorithmics is a member of the Fitch Group.

Algo Risk Service is a web-based risk management and portfolio construction service, hosted by Algorithmics, that offers buy-side organizations, trading desks and corporate treasuries. Hosted by Algorithmics and delivered online, the service provides access to sophisticated risk management and investment support tools, without the data, personnel, and hardware costs of maintaining an in-house deployment. As a managed service, Algo Risk Service provides a dedicated data and production environment, delivered online, which is uniquely configured to address each client’s specific business requirements. All data management, model configuration, and application support is provided by a dedicated Algorithmics team of client engagement specialists.

Service Extensions include:

  •     Optimizer

Offers the capability to construct, model and analyze flexible optimization problem sets and analyze results

  •     Custom Scenarios

Offers clients the capability to create, implement and update scenarios tailored to their unique risk profiles and changing market conditions, supported by Algo Risk Service professionals

  •     Counterparty Credit Exposure

Offers clients the capacity to model long-term credit scenarios and analyze different exposure outputs with specific views of credit exposure to counterparties

  •     Advanced Reporting

Offers clients the capacity to create pre-formatted risk reports with layout, style and content that can be customized to each client’s investment and risk reporting needs

  •     Data Management

Offers clients an efficient cost-saving option for aggregating position and OTC transaction data from multiple sources into the required format for upload into the Algo Risk Service

  •     Intra-Day Processing

Offers clients the option to request updates of portfolios and risk analytics either on-demand or at an agreed period (e.g. hourly) that is shorter than the standard overnight Algo Risk Service batch process.

  •     Additional Data Archival

Offers clients the option of storing previous data over longer periods to meet regulatory or internal reporting purposes. This extension represents an enhancement of the standard storage available within the Algo Risk Service.

  •     Advisory Services

Offers clients access to Algorithmics’ experienced engineers, risk practitioners and analysts to provide advice before, during and after implementation of the Algo Risk Service.

Fitch Group is the parent company of Fitch Ratings, a global ratings agency committed to providing the world's markets with independent, timely and prospective credit opinions. With 49 offices worldwide, Fitch Ratings’ global expertise spans across capital markets in over 150 countries. Fitch Ratings is headquartered in New York and London.

The Fitch Group also includes Fitch Solutions, a distribution channel for Fitch Ratings products and a provider of data, analytics and related services; and Algorithmics, the world's leading provider of enterprise risk solutions.

The Fitch Group is a majority-owned subsidiary of Fimalac, S.A., headquartered in Paris, France.
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