The Japan Exchange Group (JPX) has made its first investment in a fintech firm by taking a minority stake in derivatives risk analytics vendor OpenGamma.
JPX's investment comes after OpenGamma raisied over $13.3 million from investors, including venture capital firm Accel, markets operator Icap (now TP Icap) and ex-SunGard CEO Cristóbal Conde, to meet increased customer demand in October last year.
"JPX has an established tradition of leading the charge to provide efficient and innovative management of risk for Japan's financial and capital markets," said Peter Rippon, CEO of OpenGamma, in a statement. "This track record makes them ideal partners and catalysts for our mission of enabling derivatives users to make smarter trading and clearing decisions."
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