Algo’s high hopes for Bloomberg alliance


Ron Dembo, founder and chief executive officer of risk management systems provider Algorithmics, says that, within a few years, one-third of Algorithmics’ revenue could come from the firm’s new alliance with Bloomberg, announced in January. Algorithmics has an ambitious plan with Bloomberg to supply all its risk analytics to Bloomberg’s trade order management system customers. The new direction replaces Algorithmics’ current risk application service provider (ASP) strategy, which landed it b