Top collateral management vendor
12 January 2011 London
Image: Shutterstock
For the fifth year running, Algorithmics, has won the collateral management category in the Risk Magazine Risk Technology Rankings. This is in addition to the overall prize for enterprise-wide risk management and 14 other top three positions.
The collateral management accolade is recognition of Algorithmics’ leading position in the market with almost 80 clients across 17 countries – making it the provider with more clients, more installations and more agreements under management for collateral professionals than the second and third independent solution providers combined.
David Wechter, head of collateral management solutions at Algorithmics, said: “It’s a great honor to be recognized by Risk Magazine. We have been providing the market with collateral management solutions for the last 12 years. In that time, we and our clients have experienced the evolution of collateral from its use by a handful of major banks to become a trading relationship standard. There has been explosive growth in the volume of collateral agreements, and transactions. However, it is only since the credit crisis that there has been broad recognition of the importance of hands-on, effective collateral management, both operationally and from a risk perspective across clients and vertically within firms. Now we are on the cusp of yet further market transformation as regulatory bodies drive fundamental change in the way collateral relationships are managed. As in the past, with change comes opportunity for our clients, and we look forward to continuing working with leaders in the industry to meet these challenges together.”
The collateral management accolade is recognition of Algorithmics’ leading position in the market with almost 80 clients across 17 countries – making it the provider with more clients, more installations and more agreements under management for collateral professionals than the second and third independent solution providers combined.
David Wechter, head of collateral management solutions at Algorithmics, said: “It’s a great honor to be recognized by Risk Magazine. We have been providing the market with collateral management solutions for the last 12 years. In that time, we and our clients have experienced the evolution of collateral from its use by a handful of major banks to become a trading relationship standard. There has been explosive growth in the volume of collateral agreements, and transactions. However, it is only since the credit crisis that there has been broad recognition of the importance of hands-on, effective collateral management, both operationally and from a risk perspective across clients and vertically within firms. Now we are on the cusp of yet further market transformation as regulatory bodies drive fundamental change in the way collateral relationships are managed. As in the past, with change comes opportunity for our clients, and we look forward to continuing working with leaders in the industry to meet these challenges together.”
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