Algorithmics voted top collateral management vendor five years running in Risk Magazine Risk Technology Rankings

London, Toronto - 12 January 2011

For the fifth year running, Algorithmics, the leading provider of risk solutions, has won the collateral management category in the Risk Magazine Risk Technology Rankings. This is in addition to the overall prize for enterprise-wide risk management and 14 other top three positions.

The collateral management accolade is recognition of Algorithmics’ leading position in the market with almost 80 clients across 17 countries – making it the provider with more clients, more installations and more agreements under management for collateral professionals than the second and third independent solution providers combined.

David Wechter, head of collateral management solutions at Algorithmics, said: “It’s a great honor to be recognized by Risk Magazine. We have been providing the market with collateral management solutions for the last 12 years. In that time, we and our clients have experienced the evolution of collateral from its use by a handful of major banks to become a trading relationship standard. There has been explosive growth in the volume of collateral agreements, and transactions. However, it is only since the credit crisis that there has been broad recognition of the importance of hands-on, effective collateral management, both operationally and from a risk perspective across clients and vertically within firms. Now we are on the cusp of yet further market transformation as regulatory bodies drive fundamental change in the way collateral relationships are managed. As in the past, with change comes opportunity for our clients, and we look forward to continuing working with leaders in the industry to meet these challenges together.”

Risk Magazine, a leading financial risk management publication, established its annual technology rankings in 2004 to recognize best practice and innovation in the risk management industry by software vendors. End users were asked to base their votes on functionality, usability, performance, return on investment and reliability.

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