OpenGamma, a London, UK-based analytics company focused on reducing the costs of trading derivatives, raised $10m in funding.
The round was led by Dawn Capital with participation from return backers Accel, CME Ventures and ex-SunGuard CEO and fintech angel investor Cristóbal Conde.
The company intends to use the funds to accelerate growth further, expand teams in London, New York and Singapore, enhance its product portfolio by launching new products in the collateral and treasury space to complement our existing margin product.
Led by Peter Rippon, CEO, OpenGamma is an analytics company dedicated to reducing the costs of trading derivatives, by providing actionable recommendations to front-office, risk and treasury. Its deep quantitative understanding of CCP margin and capital models, coupled with cloud-based technologies, give derivatives users the ability to uncover hidden opportunities that enhance returns.
Founded in 2009, the company has built a global client base consisting of the world’s leading financial institutions and companies across clearing houses, banks and buy-side firms.
OpenGamma has offices in London and New York.