ITRS Group plc, has won the silver award for innovation in risk management software. The award was given by a judging panel of senior industry figures on behalf of FOW and was announced as part of the closing ceremony at the Derivatives World Conference in London last week. ITRS is the leading global provider of real-time proactive systems and application management products to the world’s financial community.
Each year FOW (Futures & Options World) invites market participants to choose the cleverest and most useful innovations of the past year. The awards seek out products and services developed during the year which have the potential to change the market for the better. Judging took place in the summer and the winners were announced at the beginning of December.
Stephen Bates, ITRS Group CEO, said, “We are delighted to receive this award. It is enormously encouraging to both the company and our team to be recognised for our innovative developments, especially in risk management, as this is such an important area for financial institutions. I would like to thank all ITRS staff for their continuing hard work and look forward to successfully continuing our development programme.”
The FOW Awards for Innovation are highly regarded in the derivatives industry, as they reflect the views of an expert panel of market participants on the innovations brought to the market during the year. They single out the products and initiatives which are taking the market forward and helping it to develop.