Trading Technologies has acquired derivatives margin analytics company OpenGamma.
OpenGamma provides margin optimisation and capital efficiency services across over-the-counter and exchange-traded derivatives. Partners include IHS Markit, Eurex and Tradeweb, while CME Group, Allianz’s growth investments arm X and the Japan Exchange Group are among its investors.
According to accounts filed with the UK’s Companies House for the year ending 31 December 2024, OpenGamma Limited reported gross profits of £13 million and had 70 employees. The company was a wholly-owned subsidiary of OpenGamma Inc., incorporated in the US state of Delaware, the accounts stated.
Justin Llewellyn-Jones, Trading Technologies CEO, commented, “Global derivatives markets have undergone profound structural changes in recent years, particularly in the realm of margin requirements, resulting in an acute need to manage margin-driven liquidity risk without weakening safeguards around counterparty risk. OpenGamma’s real-time insights empower firms to maximise leverage and free up precious capital.”
OpenGamma’s solutions will be integrated into Trading Technologies’ platform to power automated trading and position transfer workflows that reduce risk. The firm will also use OpenGamma’s existing client relationships to increase its presence in the hedge fund and energy sectors, while OpenGamma will gain access to more sell-side banks in the Trading Technologies network.
“[This] will unlock new opportunities for the OpenGamma platform across the Americas, Europe, the Middle East and Asia-Pacific regions,” added CEO Peter Rippon.
In 2025 to date, Trading Technologies has handled more than 2.9 billion derivatives transactions.
