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Absa Capital standardizes on Algorithmics for enterprise market risk management.

Publication: M2 Presswire
Publication Date: 20-MAY-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-20 May 2009-Algorithmics: Absa Capital standardizes on Algorithmics for enterprise market risk management(C)1994-2009 M2 COMMUNICATIONS

RDATE:20052009

Toronto/Johannesburg/London -- Algorithmics today announced that Absa Bank Limited, a leading South African bank affiliated with Barclays Capital, has licensed Algorithmics' market risk solution for use by its investment bank, Absa Capital. Absa Capital, already an Algorithmics' customer, will use advanced components in Algo Market Analytics as its enterprise-wide market risk solution.

Algo Market Analytics will build onto Absa Capital's existing risk system and provide an end-to-end market risk solution that provides intuitive risk information to a broad user base. It will be fully integrated into Absa Capital's existing infrastructure and will align with Barclays Capital technology standards and the Group risk management requirements.

"We...

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