Risk.net announced today the winners of the Risk Markets Technology Awards for 2020. Beacon Platform is thrilled to win the “Innovation Award.”

Risk.net explains “The judging panel added a special award for innovation, to recognize the progress made by start-up – Beacon Platform – in establishing itself in the fiercely competitive market for traded risk systems.”

“Technology vendors were invited to pitch their products and services in 30 categories covering traded risk, front-office regulation, pricing and trading, buy-side technology, back office, data, and other specialist areas. Candidates were required to answer a set of questions within a maximum word count about how their technology met industry needs, its differentiating factors, and recent developments. A total of 180 entries were received and shortlisted, a slight increase on last year’s total. A panel of 11 industry experts and Risk.net editorial staff reviewed the shortlisted entries, with judges recusing themselves from categories or entries where they had a conflict of interest or no direct experience. The judges individually scored and commented on the shortlisted entrants, before meeting in October to review the scores and, after discussion, made final decisions on the winners.”