Algorithmics wins best buy-side risk/portfolio analytics product in the 2008 Buy-Side Technology Awards

Toronto, London - November 3, 2008 -

Algorithmics today announced that it has won the Best Buy-Side Risk/Portfolio Analytics Product in the 2008 Buy-Side Technology Awards for Algo Risk Service, its risk management and portfolio construction service.

Dr Andrew Aziz, Executive Vice President, Risk Solutions, Algorithmics, said: "We are proud that Buy-Side Technology has awarded Algo Risk Service the Best Buy-Side Risk/Portfolio Analytics Product for 2008. Algorithmics has invested significantly over the last few years to develop a solution focused specifically on the risk and decision support requirements of buy side portfolio and risk managers. We view this honor as important recognition of our ongoing commitment to innovation and product development, working with our clients to meet the evolving needs of the buy side."

Victor Anderson, editor of Buy-Side Technology, commented: "Algo Risk Service deserved to win this year's Best Buy-Side Risk/Portfolio Analytics category due mainly to its substantial traction among buy side institutions over the past 12 months. In addition, it has recently shown its applicability to the pension fund industry with the signing of Hermes. Key highlights for a number of panelists were its breadth of asset coverage, the flexibility of the managed service solution, and its client testimonials."

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. Algorithmics has doubled the number of buy side clients using this solution in the last 12 months and clients include hedge funds, asset managers, pension funds, broker/dealers and insurance companies.

Dr Michael Zerbs, President and COO of Algorithmics, added: "We are honored to win the Best Buy-Side Risk/Portfolio Analytics Product and I would like to thank all of our clients who have supported us in winning this award. Our work with the buy side represents a significant and important part of our business. This award is recognition that our strategic commitment to developing Algo Risk Service as a leading solution is making a difference to buy side investment managers."

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

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.smith@algorithmics.com

Notes to Editors:

Buy-Side Technology is 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, Morse, Deloitte Consulting, and The Aite Group.

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. www.algorithmics.com

Algo Risk Service provides 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 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 www.fitchratings.com www.algorithmics.com and www.fimalac.com

© 2008 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, ALGO MARKET ANALYTICS, ALGO OPDATA, ALGO OPVAR, ALGO RECONCILIATION, ALGO RISK, ALGO RISK SERVICE, and ALGO SUITE are trademarks of Algorithmics Trademarks LLC.