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Risk Magazine Ranks Savvysoft #1 In Derivatives Analytics For Fifth Consecutive Year

Savvysoft again wins more #1 rankings than any other analytics vendor

New York, December 12, 2008 -- Savvysoft announced today the company has won top rankings in virtually every analytics category of the prestigious Risk Magazine 2008 Customer Satisfaction Survey. This includes two #1 rankings in analytics, where no other analytics vendor had more than 1 #1 ranking.

Savvysoft ranked #1 in Cross Asset and #1 in Interest Rates. Savvysoft also ranked #2 in Structured Products in a virtual tie for #1, #3 in Credit, and #4 in Commodities, for top rankings in nearly every single analytics category. When assessed across all derivatives software providers, including those with multiple products costing as much as fifty times more, Savvysoft scored a remarkable #6 overall. It is noteworthy that Savvysoft was the only analytics vendor to finish in the top 10 overall.

“We continue to succeed at helping our customers, and that's never been more important than now,” said Rich Tanenbaum, Savvysoft founder & CEO. “With all the turmoil and upheaval in the markets over the past year, we're proud that we have provided our clients with the tools to survive in these tumultuous times.”

As the accompanying article notes, Savvysoft's results are once again “an outstanding achievement.” Savvysoft has continued to be at the forefront of technological innovation this year, including the market’s first Libor Market Model to employ a multi-factor recombining tree, making it up to 50 times faster and more accurate than Monte Carlo simulation. Savvysoft’s offerings have also been extended to cover the latest accounting standards, including FAS 157 and FAS 159, and the firm is responding to the global economic crisis with models to value illiquid securities such as complex CDO tranches, and Auction Rate Securities, and innovative risk management tools to measure both market risk and counterparty credit risk.

Full results of Risk's Financial Technology Survey are available in Risk's December 2008 edition.

About Savvysoft

Savvysoft is a New York City-based provider of high-caliber OTC derivatives analytics, portfolio and risk management systems, and market-implied corporate default rates. Savvysoft’s analytical products handle OTC derivatives in many markets including: equities, interest rates, FX, commodities, convertibles, electricity, energy, and credit. Savvysoft products are used by over 3000 institutions in 15 countries worldwide. The institutions include top-tier banks, dealers, brokers, money managers, energy suppliers, corporate treasurers, auditors and consultants. Savvysoft was founded by Rich Tanenbaum, the head of Derivatives Research at Bankers Trust (now Deutsche Bank). Rich was a founding member of the first OTC derivatives desk on Wall Street at Bankers Trust. Savvysoft's corporate headquarters are located at 17 State Street, 4th Floor, New York, NY 10004 U.S.A. Tel: +1 212-742-8677; Fax: +1 212-425-8677; Web: www.savvysoft.com, www.calc4web.com.

All product names referenced herein are trademarks of their respective companies.

Contact: LeeAnn Chen (212) 742-8677 leeann@savvysoft.com

 

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