Trading Technologies International (TT) has acquired derivatives margin analytics platform OpenGamma.
Justin Llewellyn-Jones
The acquisition will allow OpenGamma’s margin optimisation and capital efficiency tools and analytics to be directly integrated into TT’s platform, to enable automated trading and position transfer workflows.
As a result, the integration is expected to enhance TT’s current multi-asset offering, by reducing risk and enhancing efficiency across the platform’s entire trade lifecycle.
Justin Llewellyn-Jones, chief executive of TT, said: “The acquisition of OpenGamma is a transformative step that immediately deepens the value proposition we will offer our combined customer base.
“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.”
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Moreover, the addition of OpenGamma will enhance TT’s client base across hedge funds, while OpenGamma will also gain access to a broader range of sell-side bank clients.
Peter Rippon, chief executive of OpenGamma, said: “Joining forces with Trading Technologies provides us with a massive opportunity to accelerate our growth. Leveraging TT’s scaled go-to-market and distribution capabilities will unlock new opportunities for the OpenGamma platform across the Americas, Europe, the Middle East and Asia-Pacific regions.”
The integration of OpenGamma follows further expansion of TT’s platform in recent months. In July, the firm made a minority investment into fintech SIGMA AI, expanding the two’s existing partnership.
As part of the investment, SIGMA AI will provide a proprietary AI and innovation hub for TT, in a bid to enhance AI integration into TT’s platform and support adoption across the provider’s products and services.