Algorithmics Inc. and FNX Ltd. of Wayne, Pa., have developed an interface between their respective risk management and straight-through-processing trading systems.

The two software vendors will jointly market and sell Algorithmics' RiskWatch and FNX's Sierra System. The linkage eliminates the need to map data from one system to another, thereby reducing installation time, said an Algorithmics spokeswoman.

Sierra performs front- to back-office trade support functions, while RiskWatch performs value-at-risk calculations, stress testing, and other market and credit risk measurements.

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