OpenGamma ran the first of our European roadshows this week, alongside Eurex, Clearstream and Tradeweb. The events, hosted by ABN Amro Clearing Bank in Amsterdam on Wednesday and Danske Bank in Stockholm on Thursday, brought together industry experts to present and discuss on key topics surrounding OTC clearing & Collateral management.
OpenGamma CCO, Joe Midmore, discusses capital efficiency
OpenGamma CCO, Joe Midmore, spoke specifically on capital efficiency in the investment process. Calling upon OpenGamma’s decade of experience developing margin replication and optimisation solutions, he covered the causes and consequences of capital inefficiency, the additional complexity that UMR has introduced and finally went into actionable optimisation techniques firms can use to improve their capital efficiency.
On the success of the roadshows, he said “Working on events like this with the teams from Eurex, Clearstream and Tradeweb has been great, and we’re really pleased that we’ve been able to provide so much value for the attendees. There is a lot of consideration ahead for newly in-scope counterparties and having representatives available from firms like those mentioned can provide clarity on achieving compliance and maintaining efficiency”.
Representatives from OpenGamma, Eurex, Clearstream and Tradeweb hold a panel discussion
He continued to press the importance of capital efficiency for firms, especially in the face of oncoming regulation “Without a doubt, firms will feel the sting of capital inefficiency if they’re unable to prepare adequately before 2021. However, there are strategic and technological options available that will mitigate the impact of new margining requirements and, at OpenGamma, we’re happy to discuss them at any opportunity”.