OpenGamma

London-based OpenGamma is a derivatives analytics firm that provides margin optimization software and solutions to banks, asset managers, hedge funds, and other financial institutions. The company offers a front-to-back derivatives management platform that helps clients understand, predict, and optimize margin costs by independently replicating the models used to calculate margin requirements. OpenGamma's technology enables users to dynamically manage funding, liquidity, and optimization requirements across bilateral, SIMM, and cleared derivatives portfolios. The company's solutions aim to increase investment efficiency, drive down trading and treasury costs, and help firms adapt to regulatory changes in the derivatives landscape. 

OpenGamma's platform provides pre-trade and post-trade margin analytics, allowing users to simulate the impact of position changes, assess new business opportunities, and identify the most cost-effective options for trades across different products, exchanges, and counterparties. 

In March 2023, the company launched a margin-at-risk product that enables firms to forecast and stress test capital requirements for cleared derivatives several years into the future, addressing the need for better liquidity planning in volatile market conditions. 

Key customers and partnerships 

As of August 2024, OpenGamma served over 90 customers–a diverse client base that includes major banks, hedge funds, asset managers, pension funds, and commodity trading firms. 

The company has established partnerships with key industry service providers to enhance its offerings. In October 2021, Limina AB, a provider of cloud-native investment management solutions, integrated OpenGamma's Strata, an open-source derivatives analytics library, into its cloud-based Investment Management System. OpenGamma also maintains a close working relationship with PIMCO, a subsidiary of Allianz and one of the world's leading fixed-income investment managers. In April 2024, OpenGamma completed the integration of its platform with Nodal Clear, the clearing house for Nodal Exchange, enabling clients to calculate, optimize, and forecast margin requirements on Nodal Exchange.