Derivatives analytics provider OpenGamma will expand its footprint to the US as regulations start squeezing asset managers.
OpenGamma—which will continue to be headquartered in London—foresees the US to be its biggest market. The move comes on the heels of recent regulatory action around margins that the company believes will increase margin costs by 70 percent for clients.
Peter Rippon, OpenGamma CEO, says the timing was right to take advantage of coming rules to expand the vendor’s reach.
A discussion about blockchain projects in the capital markets, the crypto space and further delays for the CAT.Subscribe to Weekly Wrap emails
- A Blueprint for Alternative Data in Asset Management
- Witad Awards 2019 Write-Ups: Rising Star (End-User)—Irene Kan, TD Securities
- Women in Financial Services: The Shameful Truth
- Witad Awards 2019 Write-Ups: Legal/Compliance Professional of the Year—Miranda Morad, MarketAxess
- Witad Awards 2019 Write-Ups: Best Company for Diversity and Inclusion (Vendor)—Refinitiv