April 25, 2023 – OpenGamma, a financial technology company, today announced that Uniper, the Düsseldorf-based international energy company, has selected its technology to automate margin management processes and identify ways to reduce margin costs. The ability to automate core operational tasks such as the reconciliation and processing of margin calls will prove to be valuable at a time of highly volatile natural gas prices.
OpenGamma’s solution provides the ability to challenge margin calls, as well as valuable predictive capabilities. The current energy market conditions add an even greater emphasis on the ability to actively manage liquidity risk through forecasting future cash requirements and identifying opportunities to reduce margin costs. Embedding OpenGamma into daily processes will enable Uniper to lower margin costs, helping to boost liquidity and manage periods of market stress.
“Heightened volatility in gas and power markets over the last year has put a huge strain on energy firms trying to fund their margin requirements,” added Peter Rippon, CEO, OpenGamma. “In this environment, solutions that help optimise the margin for a given level of hedging are key to the daily operations of energy firms. As such, we look forward to supporting Uniper to drive efficiencies and evolve its approach to managing liquidity.”
About OpenGamma
OpenGamma is a derivatives analytics firm with unparalleled expertise in OTC and ETD margin methodologies, backed by CME, JSCC, Accel and Dawn. Our teams bring together a unique mix of practitioner, quantitative and software engineering expertise. Today, we are trusted by the largest and most sophisticated global banks and fund managers, with thousands of users depending on our analytics. Our product coverage spans across margin solutions (validating and optimising cleared and bilateral portfolios), UMR or SIMM processing and regulatory reporting. OpenGamma has on-boarded 50+ clients to our cloud-based solution including Tier One Investment Banks, Commodity Firms, Asset Managers and Hedge Funds – successfully delivering to these demanding organisations within committed timelines.
About Uniper
Düsseldorf-based Uniper is an international energy company with activities in more than 40 countries. With around 7,000 employees, it makes an important contribution to security of supply in Europe. Uniper’s core businesses are power generation in Europe, global energy trading, and a broad gas portfolio. Uniper procures gas – including liquefied natural gas (LNG) – and other energy sources on global markets. The company owns and operates gas storage facilities with a capacity of more than 7 billion cubic meters. Uniper plans for its 22.5 GW of installed power-generating capacity in Europe to be carbon-neutral by 2035. The company already ranks among Europe’s largest operators of hydroelectric plants and intends to further expand solar and wind energy, which are essential for a more sustainable and autonomous future.
Uniper is a reliable partner for communities, municipal utilities, and industrial enterprises for planning and implementing innovative, lower-carbon solutions on their decarbonization journey. Uniper is a hydrogen pioneer, is active worldwide along the entire hydrogen value chain, and is conducting projects to make hydrogen a mainstay of the energy supply.