Collaboration between IHS Markit and OpenGamma aims to provide end-to-end support to clients for UMR compliance.
Market volatility sparked by the COVID-19 pandemic has resulted in a significant increase in prime brokers asking for more collateral from hedge funds.
OpenGamma’s analytics will help DRW improve its treasury trading functions to manage derivatives margin.
Despite the extension to comply with the final phase of the uncleared margin rules, major operational challenges remain for buy-side firms.
Pimco will use OpenGamma’s technology in a bid to reduce margin financing costs for derivatives trading.
Tradeweb has integrated margin optimisation analytics from Cassini Systems and OpenGamma to its interest rate derivatives platform.
Initial margin could surge by up to 94% for some derivatives portfolios during periods of high volatility, research from OpenGamma finds.
Stephen Plestis will head up sales for OpenGamma, after building the EMEA derivatives sales team at Credit Suisse for the past 14 years.