23 Jan 2012
Algorithmics, an IBM company, and Axioma, a provider of multi-factor equity models, have formed a business relationship with the aim of benefitting both firms’ buy-side clients.
The combined proposition brings together Algorithmics’ risk solutions and data derived from Axioma’s proprietary equity models with the aim of addressing the market demand for customised risk solutions that offer a choice of data sources and modelling options.
Dr Sebastian Ceria, CEO, Axioma, identifies benefits this relationship will bring for clients of both companies.
The combined proposition brings together Algorithmics’ risk solutions and data derived from Axioma’s proprietary equity models with the aim of addressing the market demand for customised risk solutions that offer a choice of data sources and modelling options.
Dr Sebastian Ceria, CEO, Axioma, identifies benefits this relationship will bring for clients of both companies.
He said: “Most clients want to achieve modelling consistency between the risk-focused middle office and investment-oriented portfolio managers in the front office; our collaboration with Algorithmics provides that consistency of equity risk. Axioma’s front office clients will enjoy consistent modelling with their middle office risk departments.”
Dr Andrew Aziz, executive vice president of buy-side risk solutions at Algorithmics, said: “Axioma’s reputation as an innovator in equity modelling complements Algorithmics’ commitment to innovation. For our clients, this relationship with Axioma offers modelling across all asset classes and the convenience of having the model as part of Algo Risk Service. Importantly, it also gives clients the flexibility to introduce patented equity modelling as part of their custom solution while maintaining consistency with the Axioma models used by their front offices. As we evolve our solutions for the buy side, we continue to recognise the importance of being able to offer customisable solutions to meet our clients' needs.”
