RFP News

Published on Nov 15, 2010

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

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, customised 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 customise 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.”**

0 comments Post Comment

Post new comment

The content of this field is kept private and will not be shown publicly.

What code is in the image?*

Your name *
Your E-mail*