17 January 2018
visit www.ebaday.com

Algorithmics reports strong client response to Linux version of Algo Suite

22 April 2004  |  5139 views  |  0 Algorithmics reports strong client response to Linux version of Algo Suite

Toronto-based Algorithmics says 30 clients have signed up for the latest version of its risk management platform Algo Suite - which includes support for Linux and distributed computing systems as well as extended Basel II functionality - in the first two months following its general release.

Algroithmics says 16 clients are currently migrating to Algo Suite 4.4, with a further 14 scheduled over the next few months.

Michael Zerbs, chief executive officer of Algorithmics, says the client response is the strongest he has seen to a release of the 4.0 architecture: "The list continues to grow as clients opt for a best practices approach to regulatory capital management for Basel II, the significant performance and cost benefits of Linux and distributed computing, and the sheer analytic power and scalability of our Mark-to-Future enterprise risk architecture."

The vendor announced last October that it was releasing a distributed computing version of its flagship Algo Suite product. The product was unveiled at the LinuxWorld Conference and Expo in New York in January.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Algorithmics wins new funding as Dembo steps down from helm

Algorithmics wins new funding as Dembo steps down from helm

02 March 2004  |  5629 views  |  0 comments
Brazilian clearing house CBLC upgrades to Algo Market 4.4

Brazilian clearing house CBLC upgrades to Algo Market 4.4

27 February 2004  |  3299 views  |  0 comments
PKO Bank Polski selects Algorithmics for market and credit risk management

PKO Bank Polski selects Algorithmics for market and credit risk management

16 December 2003  |  5259 views  |  0 comments
Abbey National Treasury Services licenses Algorithmics' Algo Collateral

Abbey National Treasury Services licenses Algorithmics' Algo Collateral

05 December 2003  |  4954 views  |  0 comments
Commerzbank implements Algo Collateral

Commerzbank implements Algo Collateral

04 December 2003  |  6148 views  |  0 comments
Robeco Group live with Algo Asset Management

Robeco Group live with Algo Asset Management

28 October 2003  |  3732 views  |  0 comments
Algorithmics upgrades Algo Risk

Algorithmics upgrades Algo Risk

17 October 2003  |  7069 views  |  0 comments
Algorithmics adds Basel II functions and Linux support to Algo Suite

Algorithmics adds Basel II functions and Linux support to Algo Suite

16 October 2003  |  4122 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.thomsonreuters.infovisit www.fivedegrees.nl

Top topics

Most viewed Most shared
Buffett rubbishes cryptocurrencies; South Korea preps exchange crackdownBuffett rubbishes cryptocurrencies; South...
11548 views comments | 15 tweets | 17 linkedin
BNP Paribas Asset Management completes fund transaction blockchain testBNP Paribas Asset Management completes fun...
10160 views comments | 14 tweets | 33 linkedin
Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
9593 views comments | 32 tweets | 34 linkedin
Crypto mining threatened by power capacity concernsCrypto mining threatened by power capacity...
9461 views comments | 17 tweets | 18 linkedin
Exchanges call for global fintech standardsExchanges call for global fintech standard...
9189 views comments | 17 tweets | 13 linkedin

Featured job

Competitive base + commission
New York City, NY - USA

Find your next job