OpenGamma, a London, UK-based provider of derivatives risk analytics, received a minority equity investment from The Japan Exchange Group.
The investment – of undisclosed amount – followed an earlier $13.3m round of institutional investment in October 2016, which included Accel Partners, NEX (formerly known as ICAP), Euclid Opportunities and ex-SunGard CEO Cristóbal Conde.
The company is using the funds to expand operations.
Led by Peter Rippon, CEO, OpenGamma a provides risk analytics for the derivatives markets seeking to provide an objective view of the all-in costs for derivatives users, enabling the sell-side to minimize their balance sheet usage and the buy-side with the information they need to make smart counterparty decisions.
The open source and cloudbased financial software solution is used by a wide range of bank, asset management, hedge fund and clearing house clients.