Algorithmics voted Best Risk Analytics Solution Provider in 2009 Waters Rankings

Toronto, London, New York - July 13, 2009 -

Algorithmics, the leading provider of risk management systems, announced today that it has been voted the Best Risk Analytics Solution Provider by Waters readers in the 2009 Waters annual financial technology rankings.

Algorithmics' analytics solutions, which measure and manage market, credit, liquidity and operational risk, help financial organizations make risk-aware business decisions, maximize shareholder value, and meet regulatory requirements.

Commenting on the results, John Macdonald, Executive Vice President, Algorithmics, said: "We are delighted that Algorithmics has received this recognition from Waters readers and we would like to thank everyone who voted for us.

"At a time when there is a renewed focus on managing risk across the enterprise and on the interconnectedness of all risk types, this endorsement for the analytics, which underpin our enterprise risk solutions, is very welcome. Best risk analytics is part of Algorithmics' heritage and with the help of our clients, we've continued to develop award-winning solutions based on these analytics for the last 20 years."

More than 1,000 readers of Waters magazine who work in investment firms voted in this year's Waters Rankings. In the category of Best Risk Analytics Solution Provider, an estimated 28.5 percent of voters chose the Algorithmics solution, while the second and third place runners-up came in at 14.9 percent and 12.7 percent respectively.

Phil Albinus, the editor of Waters, reported:

"The past eighteen months have proved one certainty: investment firms must have a clear method of measuring and mitigating their risk exposure or disaster will occur. The readers of Waters who work inside investment firms clearly see Algorithmics as the leader in the risk analytics space."

For an overview of Algorithmics' risk management solutions, please see: www.algorithmics.com/EN/solutions/overview.cfm

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:

Waters is the leading source for news and analysis in the financial IT arena. Since its launch in 1993, Waters magazine delivers information and insight to the chief information officers and chief technology officers who work inside leading institutional investment firms, hedge funds and exchanges. Waters covers the confluence of business and technology in market data, trading & risk management and infrastructure as well as the human issues of talent management, staff retention and compensation. Waters has more than 10,000 subscribers worldwide and presents all-day conferences, exhibits, and webinars. Each Tuesday, nearly 14,000 subscribers receive the weekly Waters News alert. For more information, please visit www.watersonline.com.

Waters Rankings Every year, Waters magazine holds its Waters Rankings, a vote for the best IT solutions and services for the financial services arena. The Rankings winners are chosen by the qualified readers of Waters, the men and women who work in IT and other divisions inside institutional investment firms both on the buy side and sell side, asset management firms and hedge funds. This is the seventh annual Waters Rankings and this year, we had more than 1,000 readers voting. Waters has a readership of around 10,000 IT professionals.

Due to the economic situation and the importance that risk measurement has played in current events, Waters has four risk-related categories, one of which is Best Risk Analytics Solution Provider. We listed several top solution vendors as nominees and voters were also allowed to write-in their favorite pick if their name was not listed.

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

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

© 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.