Andrew Aziz, executive vice president of buy-side solutions, Algorithmics

Algorithmics adds customisation capabilities to Algo Risk Service

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

Algo Risk Service is a managed service that offers the configuration flexibility normally associated with an in-house deployment.

Algo Risk Service extensions are optional service extensions that give clients access to a range of advanced data management, optimisation, analysis and reporting tools, managed and supported by Algorithmics’ financial engineers and risk practitioners.
 
Roger Orde, senior director, Algo Risk Service, says: “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.”
 
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.
 
Andrew Aziz, executive vice president of buy-side solutions, Algorithmics, adds: “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.”

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