21 October 2017
Find out more

JPX takes minority stake in OpenGamma

01 February 2017  |  2137 views  |  0 Source: OpenGamma

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.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.fivedegrees.nlvisit www.niceactimize.com

Top topics

Most viewed Most shared
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
9301 views comments | 22 tweets | 26 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8775 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7899 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
7415 views comments | 10 tweets | 22 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
7052 views comments | 14 tweets | 27 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job