OpenGamma provides real-time market risk management technology for financial institutions to improve analytics calculation and delivery to front-office and risk users.
To provide the best technology in the industry for front-office and risk analytics, and deliver it with a business model optimized for our clients' needs.
2009. The global financial crisis has peaked. The industry has been structurally changed forever with decreased ROEs, increased regulatory reporting requirements, first principles changes in derivatives pricing, and dramatic reduction in the trading of exotic products. And that was before the budget cuts.
Yet firms across the industry are still supporting wasteful, expensive, non-differentiating software that doesn’t generate revenue or cut costs. Most of that is in the front- office and risk analytics area - the most expensive to build and maintain, the most standardized across firms in the post-crunch ecosystem.
The founders of OpenGamma see an opportunity. Backed by an elite group of venture capitalists, they set out to develop an open platform for analytics and risk management for the financial services industry.
Today, OpenGamma is working with some of the leading financial institutions in the world, improving analytics calculation and delivery to front-office and risk users with a transparent, future-proof risk platform. Using OpenGamma’s technology, customers are able to radically improve the quality, accuracy and timeliness of risk numbers to end users, and significantly expand the capabilities of their in-house IT resources.
Our goal is simple: provide the best technology in the industry for developing applications for front-office and risk analytics, and deliver it with a business model optimized for our customers' needs.
- Founded in 2009
- Raised a total of $23.35 million from Accel Partners, FirstMark Capital, ICAP and Euclid Opportunities
- Headquartered in London with an office in New York City
- 70% of employees in R&D
- 48,960 cans of Dr. Pepper Zero consumed in development
OpenGamma was founded by a team with extensive experience building and using front-office and risk management systems for the capital markets industry. Today, our senior team blends financial services expertise (J.P. Morgan, Goldman Sachs, RBS, KBC Financial Products, Bankers Trust, Dexia, Commerzbank) with fintech know-how (Calypso, SmartStream, SunGard, Algorithmics, QuIC (now Markit Analytics), Murex, Misys, Thomson Reuters). This means we understand the domain at a deep level, while bringing in the best parts of technology and user experience from outside the industry.
OpenGamma is an independent, privately held company which has raised $23.35 million in capital from some of the world’s leading venture capital firms and capital market participants.
The companies and developers that help grow the OpenGamma ecosystem by providing services and solutions around our technology.
Working at OpenGamma
OpenGamma has employees from a wide range of backgrounds. We think that this diversity helps us develop better software, by drawing on the experience of our team across disciplines.