OpenGamma Nets $13.3 Million to Grow Solutions
Peter Rippon was recently appointed the company's new CEO.

Other investors include former SunGard president and CEO Cristobal Conde, who first invested in OpenGamma in 2014, and has since joined its board as an independent non-executive director. Icap coursed its backing of the firm through its emerging technology investment arm Euclid Opportunities.
Newly appointed OpenGamma CEO Peter Rippon said in a statement that the investment will allow the company to expand its offering.
"We've demonstrated that we are an innovative and effective developer of technology solutions for the financial community," Rippon said. "This investment now lets us build from these solid foundations to become a world-class partner and provider of benchmark industry solutions."
OpenGamma provides software-as-a-service (SaaS) solutions based on an open-source library of derivatives pricing and risk models to address the needs of over-the-counter (OTC) and privately negotiated derivatives contracts. The open-source library the firm built lets users measure and compare margin requirements. It also offers custom solutions and risk products to its stable of bank, clearinghouse and buy-side clients.
The company said its solutions help clients deal with an increasingly complex environment where even uncleared derivatives have to be collaterized.
Jenny Knott, CEO of Icap's post-trade risk and information division, said the investment into OpenGamma aligns with Icap'a focus on market structure.
"Our commitment to OpenGamma reflects our belief that the derivatives markets are embracing innovative solutions to address capital and operational challenges," Knott said. "It also aligns with our strategic focus on market structure that enables clients to optimize their regulatory and financial resources."
OpenGamma CEO Rippon was appointed to his new position after founder Kirk Wylie left the firm to pursue other business opportunities. Rippon was previously the COO. Former CEO Mas Nakachi will be the new vice chairman and will focus on the firm's global network.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: https://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
Exchange M&A, US moratorium on AI regs dashed, Citi’s “fat-finger”-killer, and more
The Waters Cooler: Euronext-Athex, SIX-Aquis, Blue Ocean-Eventus, EDM Association, and more in this week’s news roundup.
LSEG officially sunsets Eikon
The exchange operator withdrew the platform from its product lineup this week.
Cloud Wars: Are EU and APAC firms really pining for homegrown options?
Waters Wrap: In the wake of tariffs and regional instability, there’s chatter about non-US firms lessening their dependency on the major hyperscalers. Anthony is not buying it.
Bloomberg, MTS expand portfolio trading to EGBs
The platform providers will follow Tradeweb with the extension of the popular credit protocol.
Doing a deal? Prioritize info security early
Engaging information security teams early in licensing deals can deliver better results and catch potential issues. Neglecting them can cause delays and disruption, writes Devexperts’ Heetesh Rawal in this op-ed.
Google gifts Linux, capital raised for Canton, one less CTP bid, and more
The Waters Cooler: Banks team up for open-source AI controls, S&P injects GenAI into Capital IQ, and Goldman Sachs employees get their own AI assistant in this week’s news roundup.
Waters Wavelength Ep. 323: MarketAxess’s Chowdhury and Burke (plus some Cusip updates)
This week, Riad Chowdhury, head of Asia-Pacific, and Dan Burke, global head of emerging markets at MarketAxess, join to discuss block trading in fixed income. Plus Reb discusses her recent article about Cusip and updates on the class action lawsuit moving through the courts.
As datacenter cooling issues rise, FPGAs could help
IMD Wrap: As temperatures are spiking, so too is demand for capacity related to AI applications. Max says FPGAs could help to ease the burden being forced on datacenters.