Algorithmics Voted Best Risk Analytics Solution Provider in 2011 Waters Rankings for Third Year Running

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Algorithmics, the leading provider of risk solutions, announced today that it has been voted the Best Risk Analytics Solution Provider in the Waters Rankings for the third year running. The ninth annual Waters financial technology rankings winners were selected by a survey of Waters’ 10,000 subscribers, including market participants and readers of Waters magazine, a financial markets technology publication.

www.algorithmics.com

This recognition is testament to the continual enhancements we are able to make to our products and services to enable our clients to respond positively to the growing demands of their investors and regulators for greater risk transparency and oversight.

Algorithmics, the leading provider of risk solutions, announced today that it has been voted the Best Risk Analytics Solution Provider in the Waters Rankings for the third year running. The ninth annual Waters financial technology rankings winners were selected by a survey of Waters’ 10,000 subscribers, including market participants and readers of Waters magazine, a financial markets technology publication.

“Every year we poll our 10,000 global reader base and once again Waters readers selected Algorithmics as the Best Risk Analytics Provider for the 2011 Waters Rankings,” said Rob Daly, Online/US Editor of Waters. “Our readership knows the difficulties they face when it comes to risk analytics and can always be counted on to select the best offering in the field.”

These awards feature 26 categories and are awarded for excellence in financial IT solutions and services. Algorithmics’ was recognized for its analytics solutions – for both the buy and sell side - 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. More than 350 clients, including 25 of the top 30 banks and more than two-thirds of the CRO Forum of leading insurers, use Algorithmics’ solutions for risk assessment, pre-trade real-time analytics and portfolio optimization.

Commenting on the results, John Macdonald, Executive Vice President, Algorithmics, said: “We are delighted that Algorithmics’ analytics solutions have been recognized by Waters readers for the third year running and we would like to thank everyone who voted for us. This is testament to the continual enhancements we are able to make to our products and services to enable our clients to respond positively to the growing demands of their investors and regulators for greater risk transparency and oversight. This remains our commitment going forward.”

More than 1,200 votes were cast in this year’s Waters Rankings by readers of Waters magazine, Algorithmics’ clients and other market participants. In the category of Best Risk Analytics Solution Provider, 24 percent of voters chose the Algorithmics solution, while the second and third place runners-up came in at 19.4 percent and 10.6 percent respectively.

For an overview of Algorithmics’ award-winning risk management solutions, please see: http://www.algorithmics.com/EN/solutions/overview.cfm

For further information please contact:
Heather Smith, Senior Communications Manager, Algorithmics (UK) Ltd
Direct line: +44 (0) 20 7392 5820 Mobile +44 (0) 7515 974223
E-mail: Heather(dot)smith(at)algorithmics(dot)com

Notes to Editors:
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.

Waters Rankings Every year, Waters magazine holds its Waters Rankings, a vote for the best IT solutions and services for the financial services arena. The Rankings winners are chosen by the qualified readers of Waters, the men and women who work in IT and other divisions inside institutional investment firms both on the buy side and sell side, asset management firms and hedge funds. This is the ninth annual Waters Rankings and this year, we had more than 1,200 readers voting. Waters has a readership of around 10,000 IT professionals.

Due to the economic situation and the importance that risk measurement has played in current events, Waters has four risk-related categories, one of which is Best Risk Analytics Solution Provider. Waters listed solution vendors as nominees and voters were also allowed to write-in their favorite pick if their name was not listed.

Algorithmics is the world's leading provider of 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. http://www.algorithmics.com

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.

For additional information, please visit http://www.fitchratings.com, http://www.algorithmics.com, and http://www.fimalac.com.

© 2011 Algorithmics Software LLC. All rights reserved. ALGORITHMICS, Ai Logo, ALGORITHMICS & Ai Logo, ALGO, MARK-TO-FUTURE, RISKWATCH, KNOW YOUR RISK, ALGO RISK, ALGO MARKET, ALGO CREDIT, ALGO COLLATERAL, ALGO FIRST, ALGO ONE, ALGO FOUNDATION, ALGO FINANCIAL MODELER, ALGO OPVAR and TH!NK Logo are trademarks of Algorithmics Trademarks LLC.

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Algorithmics
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