OpenGamma
OpenGamma provides a front-to-back derivatives margin and capital optimization analytics platform for enterprise financial firms including hedge funds, commodity traders, and sell-side banks, now operating as a product brand within Trading Technologies following its December 2025 acquisition.
- Company typePrivate
- Founded2009
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What OpenGamma does
OpenGamma is a London-based derivatives analytics company founded in 2009 that operates a front-to-back margin and capital optimization platform for enterprise financial institutions. The platform comprises nine integrated modules — Forecast, Stress Test, Simulate, Reduce, Allocate, Process, Explain, Validate, and Comply — covering Trading, Risk, Treasury, and Operations workflows. It supports all major margin methodologies (SPAN, VaR, SIMM, GRID) across ETD and OTC derivatives and integrates with AcadiaSoft for UMR margin call processing and Tradeweb for pre-trade margin calculations embedded in the execution workflow. OpenGamma also maintains Strata, an open-source quantitative finance library on GitHub that supports its commercial platform and establishes technical credibility in the derivatives community.
The company sells to commodity trading firms, hedge funds, sell-side banks, and asset managers under a B2B enterprise SaaS model with subscription-based annual billing and quote-based pricing. Named customers include Uniper, Aspect Capital, DRW, PIMCO, Castleton Commodities International, and Union Investment. OpenGamma reaches market through a direct field sales motion augmented by content marketing (blog, ebooks, webinars, and a margin glossary), LinkedIn presence, and earned media. The company has raised approximately $71.2M across ten funding rounds from 2009 to 2022, with investors including Accel, Dawn Capital, FirstMark, NEX Group/ICAP, CME Ventures, Japan Exchange Group, and Allianz X.
OpenGamma was acquired by Trading Technologies International, Inc. (TT) in December 2025 as a strategic move to integrate margin and capital optimization analytics into TT's multi-asset trading platform. Following the acquisition, OpenGamma continues to operate as a product brand within TT, with leadership (Peter Rippon, CEO) and the London headquarters at Capital House, 85 King William Street, retained. The company holds GDPR/UK GDPR compliance certifications and operates registered trademarks in the US and EU.
OpenGamma firmographics
Firmographics- Name
- OpenGamma
- Legal name
- OpenGamma Limited
- Website
- https://opengamma.com
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- OpenGamma provides a front-to-back derivatives margin and capital optimization analytics platform for enterprise financial firms including hedge funds, commodity traders, and sell-side banks, now operating as a product brand within Trading Technologies following its December 2025 acquisition.
- Ownership category
- akta.pro rank
OpenGamma industry classification
Industry- Product category
- Derivatives Margin Analytics Software
- NAICS
- Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Portfolio Management and Investment Advice (523940)
- SIC
- Services-Prepackaged Software (7372), Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Cleared Derivatives & Margin (CCP, IM/VM) (FSACADAJ)
- akta.pro secondary industries
- Derivatives Collateral & XVA (CSA, CVA/FVA/KVA) (FSACADAK), Collateral Management & Margin Services (FSAFALAF)
Keywords
Where OpenGamma is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
OpenGamma business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- SaaS Platform Subscription: OpenGamma operates as a B2B SaaS platform providing derivatives margin analytics to financial firms. The platform is offered via subscription with enterprise deployment, evidenced by demo request and expert consultation CTAs, suggesting quote-based enterprise pricing.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise SaaS platform — pricing not publicly disclosed |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels6 records
OpenGamma product offering
Product offeringCore offering
OpenGamma provides a front-to-back derivatives margin analytics SaaS platform that helps financial institutions predict, simulate, calculate, validate and optimize margin requirements on ETD and OTC derivatives. The platform unifies nine modules (Forecast, Stress Test, Simulate, Reduce, Allocate, Process, Explain, Validate, Comply) covering Trading, Risk, Treasury and Operations workflows, enabling firms to release capital, lower financing costs and comply with UMR regulation.
Product overview
OpenGamma offers a unified derivatives margin analytics platform with a modular architecture consisting of nine integrated products: Forecast, Stress Test, Simulate, Reduce, Allocate, Process, Explain, Validate, and Comply. The platform serves commodity trading firms, hedge funds, and other derivatives users across sell-side and buy-side institutions, providing front-to-back coverage from pre-trade margin simulation through post-trade validation, dispute management, and UMR compliance. The platform enables firms to release capital, preserve liquidity, lower financing costs, and achieve up to 28% savings on initial margin through intelligent venue and broker selection.
Differentiator
Problem solved
Functional benefit
Brands
- OpenGamma Platform: Front-to-back derivatives management platform covering Trading, Risk, Treasury and Operations with margin and capital optimization tools
- Strata
Products and services
- OpenGamma Derivatives Margin Analytics Platform Front-to-back enterprise SaaS platform that unlocks capital efficiency across Trading, Risk, Treasury and Operations for commodity trading firms, hedge funds, sell-side banks and other derivatives users. The platform supports all major margin methodologies (SPAN, VaR, SIMM, GRID) for ETD and OTC derivatives, enabling pre-trade simulation, post-trade optimization, counterparty reconciliation, dispute management and end-to-end UMR compliance.
- Strata Open-source financial analytics library and documentation platform for derivatives and market risk calculations, distributed via GitHub.
Quantifiable outcome
- Energy traders have cut margin requirements by 30% using OpenGamma analytics
- +4 more outcomes
Companies that use OpenGamma
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles3 records
OpenGamma technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature9 records
OpenGamma partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered flagship and core.
- Trading TechnologiesflagshipTrading Technologies International (TT) acquired OpenGamma in December 2025 as a strategic move to enhance TT's multi-asset trading platform with margin and capital optimization tools. The integration aims to improve efficiency, risk management, and market reach, leveraging OpenGamma's client relationships and analytics expertise across TT's customer base including commodities and hedge fund clients.
- TradewebcoreStrategic alliance integrating OpenGamma's margin optimization analytics into Tradeweb's interest rate derivatives platform. The collaboration enables institutional investors to access pre-trade initial margin calculations and real-time insight into trade execution options including optimal clearing venue and clearing broker selections. OpenGamma's CCP optimization models are embedded directly into Tradeweb's execution workflow.
- IHS MarkitcoreIHS Markit and OpenGamma joined forces on UMR (Uncleared Margin Rules) compliance, combining IHS Markit's data and analytics capabilities with OpenGamma's margin calculation platform to provide comprehensive compliance solutions for firms in scope for UMR.
Scale indicators2 records
Recent moves6 records
Expansion highlights5 records
OpenGamma competitors and assessment
Company assessmentDirect peers
- TriOptima: TriOptima (now part of Nasdaq) is a direct peer in OTC derivatives portfolio compression and margin/collateral optimization. It serves the same hedge fund, dealer and CCP counterparty base with comparable margin analytics and post-trade services, making it the closest functional competitor to OpenGamma's Reduce and Comply modules.
- Cassini Systems: Cassini Systems provides front-to-back analytics for derivatives margin, clearing and collateral optimization, directly overlapping OpenGamma's core platform. It serves buy-side and sell-side institutions with similar SIMM/SPAN/VaR methodology coverage and pre-trade analytics.
- Capitolis: Capitolis is a capital and collateral optimization platform serving the same hedge fund and dealer clients, with multilateral portfolio optimization and novation services that overlap OpenGamma's Reduce and Simulate capabilities.
- Numerix: Numerix is a derivatives analytics provider covering pricing, risk and margin for cross-asset derivatives. Its margin and collateral analytics compete with OpenGamma's valuation models across both cleared and OTC markets at the same tier-one financial institution buyers.
Broad incumbents
- Murex: Murex is an established capital markets platform providing front-to-back trading, risk, treasury and post-trade functionality for derivatives, including margin analytics that overlap OpenGamma's modules. It serves as a broader incumbent suite that can absorb margin analytics into multi-million-dollar platform deals.
- Calypso Technology: Calypso provides a cross-asset front-to-back capital markets platform covering trading, risk, collateral and treasury workflows that directly overlap OpenGamma's full module set. As an established vendor it competes on bundled platform value rather than point margin optimization.
- Bloomberg PORT: Bloomberg's PORT enterprise risk and margin analytics product serves the same buy-side and sell-side institutions, offering portfolio margin, SIMM and scenario analytics as part of Bloomberg's broader data and analytics ecosystem.
- CME Group (Cleared Swaps & Margin Analytics): CME Group operates major derivatives CCPs and offers margin analytics services for cleared products across interest rates, commodities and equities. As a CCP operator and exchange group, it competes with parts of OpenGamma's cleared-margin analytics while also being a venue that OpenGamma optimizes against.
Others
- AcadiaSoft: AcadiaSoft is a margin messaging and workflow infrastructure provider for uncleared margin rules, integrated into OpenGamma's Comply module. As an ecosystem partner rather than a direct competitor, it represents both an adjacent capability and a complementary infrastructure layer for UMR.
Emerging players
- LiquidX: LiquidX is a trade finance and working capital platform with broader collateral and receivables optimization capabilities that overlap with parts of OpenGamma's Process and Validate modules. It serves corporates and financial institutions and represents an emerging adjacent player in the broader collateral optimization space.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat5 records
Key risks1 record
Key highlights6 records
Customer concentration
OpenGamma social profiles
Digital presenceOpenGamma compliance and trust
Trust signalCompliance1 record
OpenGamma financial estimates
Financial estimateRevenue estimate
Valuation estimate
OpenGamma leadership team
Management profileNumber of profiles
Profiles2 records
OpenGamma funding detail
Funding detailFunding overview
Funding rounds10 records
Investors9 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
OpenGamma M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about OpenGamma
What does OpenGamma do?
OpenGamma provides a front-to-back derivatives margin analytics SaaS platform that helps financial institutions predict, simulate, calculate, validate and optimize margin requirements on ETD and OTC derivatives. The platform unifies nine modules (Forecast, Stress Test, Simulate, Reduce, Allocate, Process, Explain, Validate, Comply) covering Trading, Risk, Treasury and Operations workflows, enabling firms to release capital, lower financing costs and comply with UMR regulation.
Is OpenGamma a public or private company?
OpenGamma is a private company. It is classified as corporate owned and is currently operating.
When was OpenGamma founded?
OpenGamma was founded in 2009. It employs 11 to 50 people.
Where is OpenGamma based?
OpenGamma is headquartered in London, United Kingdom, in the Europe region.
How does OpenGamma make money?
One revenue line is on record: saaS Platform Subscription.
Who are OpenGamma's main competitors?
Direct peers on record are TriOptima, Cassini Systems, Capitolis and Numerix. Broad incumbents are Murex, Calypso Technology, Bloomberg PORT and CME Group (Cleared Swaps & Margin Analytics). AcadiaSoft is listed as an others. LiquidX is listed as an emerging player.
Does OpenGamma have an API?
No public API is recorded for OpenGamma.
What industry is OpenGamma in?
OpenGamma's product category is Derivatives Margin Analytics Software. Its primary akta.pro industry code is FSACADAJ, Cleared Derivatives & Margin (CCP, IM/VM), with a secondary code of FSACADAK, Derivatives Collateral & XVA (CSA, CVA/FVA/KVA). Its NAICS code is 523 and its SIC code is 7372.