Software Product of the Year - Algo Real Time Credit Engine, Algorithmics


It has long been the aim of financial institutions to have in place consistent risk measures across the front and middle office. This goal took on a critical urgency in 2008 amid rising counterparty credit risk concerns, as the financial crisis demonstrated just how quickly events can topple an institution.

Finding the required level of consistency, however, has been challenging. The ideal way to measure exposures is with Monte Carlo simulation, which takes time. While the middle office is able