OpenGamma Sets US Expansion
The company will expand to the US as regulatory changes are putting pressure on costs for clients.
OpenGamma will open their first US office in New York City.
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.
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