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Bayerische Landesbank to use Algorithmics

Bayerische Landesbank (BayernLB), the German wholesale bank, has bought AlgoCapital, a cross-product margining system, from Algorithmics, the risk management software specialist.

The bank will use the system to manage its cross-product margining requirements. It chose Algo Collateral following a three-month evaluation of available systems in the marketplace.

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