FStech Shortlists the OpenGamma Platform for Global Industry Award
NEW YORK and LONDON, 18 February 2013 – OpenGamma, creators of the first open source analytics and risk management platform for the financial services industry, today announced it was shortlisted for “Risk Management Software of the Year” in the 2013 FStech Awards. Now in its 13th year, the FStech Awards recognize excellence and innovation in the field of information technology within the UK and EMEA financial services sector.
The OpenGamma Platform delivers a completely open architecture that offers unprecedented transparency and improves the quality, accuracy and real-time availability of the critical trading and risk analytics required by front-office traders, quants and risk managers. OpenGamma offers an intuitive and flexible open source alternative to traditional or proprietary analytics and risk management solutions. It features a Universal Calculation Engine for real-time and batch risk computations, comprehensive support for stress testing and custom scenario analysis, and extensive market data support and trade data management capabilities to enhance any modern trading and analytics application.
"IT budget limitations and demands to better manage irregular data volumes and shifting regulatory mandates continue to drive firms to seek out the most cost-effective, flexible and powerful risk analytics solutions available," said Kirk Wylie, Co-founder and CEO of OpenGamma. "Our inclusion in this shortlist demonstrates the financial services community understanding that they need a new way to design their risk infrastructures, navigate today’s volatile regulatory environment, and ensure the highest levels of transparency for their firms."
The FStech recognition continues OpenGamma’s early positive momentum in 2013, including the company being named to Fast Company’s annual list of the World's 50 Most Innovative Companies as the second most innovative company in the category of finance due to it exemplifying the best in business from across the economy and around the globe.
The winners of the FStech Awards will be announced at the Gala Dinner in London on 17 April 2013.
OpenGamma was founded in 2009 to develop an open platform for analytics and risk management for the financial services industry. The company’s flagship technology product, the OpenGamma Platform, is designed to allow financial services firms to unify their calculation of analytics across the traditional trading and risk management boundaries. The company is headquartered in London with an office in New York.