New York, December 21, 2005 -- Savvysoft announced today the company has won top rankings in every single analytics category of the prestigious Risk Magazine 2005 Customer Satisfaction Survey. This includes an unprecedented four #1 rankings. No other firm had more #1 rankings in a category than Savvysoft.
Savvysoft ranked #1 in Credit, #1 in Cross Asset, #1 in Interest Rates and #1 in Structured Products. Savvysoft also ranked #3 in FX, #3 in Commodities, and #5 in Equities, for a clean sweep of top rankings in every analytics category. And outside analytics, Savvysoft finished #2 in the hotly contested Market Risk category, as well as #2 in Credit Risk - Trading and Banking. When assessed across all derivatives software providers, including those with products up to fifty times more expensive, Savvysoft still finished in the top 5, with an impressive #4 overall ranking, up two spots from last year. It is noteworthy that Savvysoft was the only analytics vendor to finish in the top 20 overall.
"Every year, the competition in derivatives software gets tougher," said Rich Tanenbaum, Savvysoft founder & CEO. "So we are especially happy that weve actually managed to significantly extend our lead in so many areas."
Savvysofts high marks in Market Risk, as well as in Credit Risk -- Trading and Banking underscores Savvysofts push into trading systems, a feat recognized in Risks accompanying article. "Were especially pleased to be recognized in these categories as they vindicate our investment in cutting edge portfolio management systems. Savvysofts STARS Trading and Risk system is now being chosen by many leading hedge funds, banks, money managers, investment advisors, and insurance companies," said Tanenbaum.
Risks survey extends Savvysofts winning streak. Earlier this year, the firm garnered several top rankings from Euromoney magazines survey, including five #1 rankings and five #2 rankings in Portfolio Management, Operations, and Trading and Banking.
Full results of Risk's Financial Technology Survey are available in Risks December 2005 edition.
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. Savvysofts analytical products handle OTC derivatives in many markets including: equities, interest rates, FX, commodities, convertibles, MBS, electricity, energy, and credit. Savvysoft products are used by thousands of 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.turboexcel.com.
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Contact: LeeAnn Chen (212) 742-8677 leeann@savvysoft.com
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