New York – May 12, 2011 – Openlink Financial LLC (Openlink), a leading provider of cross-asset trading, risk management and operations processing software solutions, announced today that it has been shortlisted in three categories in the annual Waters Rankings, including Best Anti-Money Laundering Compliance Solutions Provider, Best Credit Risk Solutions Provider and Best Risk Analytics Provider.
"The nominations reflect the industry's appreciation of our market leading risk and compliance capabilities," said Phil Wang, SVP in Financial and Risk Solutions for Openlink. "We feel our unmatched flexibility and extensibility provide a competitive advantage to our clients – especially as the existing regulatory environment undergoes a fundamental transformation, where financial institutions will require more sophisticated compliance business processes and will have to quickly adapt to rapidly evolving requirements."
Ken Knowles, EVP of Financial and Risk Solutions further commented, "It has always been our strategic imperative to translate ever-changing market challenges of the derivatives industry into viable business solutions. Historically we have worked with a broad set of clients, regulatory agencies, clearing houses, clearing members and service providers to keep pace with the evolving landscape in areas such as analytics, compliance, and credit risk, and we are pleased our efforts have been recognized by Waters in these areas."
"For nine years the global readership of Waters magazine has acknowledge the leading financial-technology vendors in the industry with its annual Waters Rankings," said Rob Daly, Online and US Editor at Waters. "To be short-listed in this year's Rankings shows that the candidates are among the prime competitor in their space."
Each year, Waters magazine asks its 10,000 readers at investment firms, hedge funds, brokerages and exchanges to choose their best financial service solutions and technology providers.
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