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.
The founder and CEO of Imperative Execution looks at how trade execution is changing and what that means for the buy side.Subscribe to Weekly Wrap emails
- Waters Rankings 2019: All the Winners
- Mizuho Finds New Ways to “Activate” its Data Using AI
- Barclays Nearly Finished with First Major Quantum Computing Experiment
- The AI Ethics Dilemma: Banks Find a Fine Line Between New Tech and 'What's Right'
- Banks, Asset Managers Turn to Web Scraping to Generate Alpha