February 1, London; The Japan Exchange Group (“JPX”) has taken a minority stake in OpenGamma, a leading provider of derivatives risk analytics.
The JPX investment follows an earlier $13.3 million round of institutional investment in October 2016, which included Accel Partners, NEX (formerly known as ICAP), Euclid Opportunities and ex-SunGard CEO Cristóbal Conde. This fundraising positions OpenGamma for rapid expansion as it seeks to provide an objective view of the all-in costs for derivatives users, helping the sell-side to minimise their balance sheet usage and the buy-side with the information they need to make smarter counterparty decisions.
“JPX has an established tradition of leading the charge to provide efficient and innovative management of risk for Japan’s financial and capital markets,” said Peter Rippon, CEO of OpenGamma. “This track record makes them ideal partners and catalysts for our mission of enabling derivatives users to make smarter trading and clearing decisions.”
“We’ve followed OpenGamma’s transformation from an innovator in the development of open source software into an important risk analytics provider for institutional finance,” said Takeshi Hirano, Executive Officer of JPX.
OpenGamma is the analytics company dedicated to reducing the costs of trading derivatives, by providing actionable recommendations to front-office, risk and treasury. Our deep quantitative understanding of CCP margin and capital models, coupled with our cutting edge cloud-based technologies, give derivatives users the ability to uncover hidden opportunities that enhance returns.
Since our founding in 2009, OpenGamma has built a global client base consisting of the world’s leading financial institutions and companies across clearing houses, banks and buy-side firms. With thousands of users depending on our derivatives analytics everyday, OpenGamma helps firms tackle the biggest issues in derivatives trading.