Algorithmics’ Algo Risk Service wins Product of the Year and Best Risk/Portfolio Analytics Product at Buy-Side Technology Awards 2009

<ne-publication id="3"/> Algorithmics' Algo Risk Service wins Product of the Year and Best Risk/Portfolio Analytics Product at Buy-Side Technology Awards 2009

Toronto, London -- Algorithmics' risk management and portfolio construction service, Algo Risk Service, has won the overall award for Best Buy-Side Technology Product at the 2009 Buy-Side Technology Awards. In addition, Algorithmics has also won the category award for Best Buy-Side Risk/Portfolio Analytics Product for the second year running.

Victor Anderson, Editor of Buy-Side Technology, commented: "I can't say that I was terribly surprised that Algorithmics scored a full house of votes in this year's Best Buy-Side Risk/Portfolio Analytics category, repeating last year's success. Algo Risk Service, with its blend of best-in-class risk and portfolio analytics and its hosted delivery which makes it so appealing to the buy-side market, is perfectly placed to extend its domination in this space for the foreseeable future."

Dr Andrew Aziz, Executive Vice President, Risk Solutions, Algorithmics, said: "We are proud that Buy-Side Technology has recognized Algo Risk Service with two awards this year. During 2009 we continued to invest significantly in Algo Risk Service, working with our clients to meet the evolving needs of the buy side by adding new functionality for counterparty credit exposures, liquidity risk, earnings and cashflow analytics, as well as support for scheme management across pension assets and liabilities."

The awards are judged by a panel of buy-side-focused technology consultants, analysts and journalist who were unanimous in their votes for Algorithmics and commented: "We would recommend Algorithmics' suite of capabilities for firms interested in having an integrated market, credit and operational risk solution." Dr Michael Zerbs, President and COO of Algorithmics, added: "We are honored by this recognition from Buy-Side Technology and I would like to thank all of our clients who have supported us in winning these awards. Our work with the buy side represents a significant and important part of our business and we look forward to further developing our buy-side solutions for an industry that is undergoing a radical review of its approach to risk management."

Algo Risk Service is a risk management and portfolio construction platform, hosted by Algorithmics,that provides a dedicated production environment configured uniquely for each client's specific business requirements and investment strategies. Clients include hedge funds, asset managers, pension funds, broker/dealers and insurance companies.

For more information about Algorithmics' risk management solutions for the buy side, visit: http://www.algorithmics.com/EN/solutions/portfolioriskanalytics/

For more information about Algo Risk Service, please visit www.algoriskservice.com

Notes to Editors:

Buy-Side Technologyis a monthly magazine that incorporates all facets of trading technology for buy-side organisations. Each month, Buy-Side Technology delivers up-to-date news and analysis on the business and technology trends, drivers and processes shaping the hedge fund and investment management industries. Buy-Side Technology is the only stand alone publication that focuses on business and technology issues facing buy-side executives; no other publication covers technology for investment managers in as much detail. With an experienced and dedicated editorial team we have extensive market access and knowledge.The content goes beyond the algorithmic space to cover less hyped and equally critical issues surrounding pricing, analytics, performance measurement, settlement and the use of technology as a competitive advantage.

Buy-Side Technology Awards (BSTAs) Hosted by Buy-Side Technology magazine, the BSTAs recognise products and services in the buy-side technology vendor industry and are open to any technology company operating in this space globally. The aim of the awards is to recognise the leading technologies and vendors in their areas of expertise through an auditable and transparent methodology underpinned by the input and experience of buy-side-focused technology consultants: Investit, Celent, Citisoft, Cutter Associates, Knadel, and The Aite Group.

Algorithmicsis 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. www.algorithmics.com Algo Risk Serviceprovides a fully integrated, flexible platform for assessing future risk across an organization in a single, consistent, rigorous environment covering all investment strategies across all risk factors and asset classes. It covers both traditional assets and sophisticated, structured products. Offered as a managed service, clients access the solution via a web browser. All the Algo Risk Service software and computing power is hosted by Algorithmics, allowing the cost of ownership to be dramatically reduced.

Fitch Groupis 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.

2009 Algorithmics Software LLC. All rights reserved. ALGO, ALGORITHMICS, Ai & design, ALGORITHMICS & Ai & design, KNOW YOUR RISK, MARK-TO-FUTURE, RISKWATCH, ALGO ALM, ALGO COLLATERAL, ALGO CREDIT ADMINISTRATOR, ALGO CREDIT DATA SERVICES, ALGO CREDIT ECONOMIC CAPITAL, ALGO CREDIT EXPOSURE, ALGO CREDIT LIMITS, ALGO CREDIT REGULATORY CAPITAL, ALGO CREDITVANTAGE, ALGO ETREASURY CREDIT, ALGO FIRST, FIRST 500, ALGO MARKET ANALYTICS, ALGO OPDATA, ALGO OPVAR, ALGO RECONCILIATION, ALGO RISK, ALGO RISK SERVICE, and ALGO SUITE are trademarks of Algorithmics Trademarks LLC.

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(c) 2009 M2 COMMUNICATIONS Toronto, London -- Algorithmics' risk management and portfolio construction service, Algo Risk Service, has won the overall award for Best Buy-Side Technology Product at the 2009 Buy-Side Technology Awards.