DEVELOPER TOOLS

Algorithmics Incorporated, a recognized leader in enterprise risk management, today announced at its Algo Capital and Credit Forum in London, that it would be opening its award-winning risk management framework, Mark-to-Future, to allow the incorporation of client-developed or partner simulation engines through an application program interface (API). "Making Algorithmics' industry leading risk architecture more open and more scalable is a fundamental part of our strategy," said Michael Zerbs, President and Chief Operating Officer at Algorithmics. "Opening the Mark-to-Future interface unlocks significant value for our clients, particularly within the front office where product innovation is constant. The Mark-to-Future API consolidates heterogeneous simulation engines in a consistent manner into Algo Suite, eliminating the need for any separate supporting infrastructure. This supports front-office innovation and reduces both integration and ownership costs." At the core of Algo Suite, Algorithmics' suite of risk management solutions, Mark-to-Future is an asset class agnostic and extensible simulation framework for managing financial risk. Mark-to-Future enables financial institutions to integrate their market and credit risk by incorporating the passage of time, the evolution of risk scenarios, and the dynamics of multiple portfolio holdings. The Mark-to-Future API, to be available in Algo Suite 4.5.2 in January 2006, will enable clients to easily include both internally-built and partner-provided financial instrument pricing engines along side Algorithmics' simulation engines within Algo Suite. The ability to incorporate external simulation engines will allow clients to better leverage existing systems and to fit best-of-breed alternatives into an overall risk architecture provided and supported by Algorithmics. An Open MtF Partner Program has been established for companies who specialize in pricing models and desire to sell their models to Algorithmics' extensive client base. Companies who join the partner program will receive a tool kit, training and support, and will participate in joint marketing initiatives.