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OpenGamma has raised $90.3M across 8 funding rounds.
Key people at OpenGamma.
OpenGamma has raised $90.3M in total across 8 funding rounds.
OpenGamma offers a comprehensive platform for derivatives margin analytics and risk management, providing a unified solution for financial operations. The company delivers detailed analytical capabilities for both over-the-counter and exchange-traded derivatives, enabling institutions to manage complex portfolios. Its technical approach leverages advanced calculations, enhancing efficiency across trading and treasury functions.
Co-founded by Jim Moores, also Chief Technology Officer, OpenGamma was established around 2009 in London. The company’s inception addressed the critical demand for transparent, robust risk and analytics tools within financial markets following the global financial crisis. Moores applied his financial software engineering background to develop this analytics platform.
OpenGamma's solutions cater to financial market participants, including banks and asset managers, across trading, risk, and operations. The company envisions optimizing capital and improving operational efficiency within the derivatives ecosystem. It aims to equip institutions with granular insights, facilitating better decision-making and fostering resilience in dynamic market conditions.
Key people at OpenGamma.
OpenGamma is a derivatives margin analytics platform that serves as the new standard in cash and collateral management for financial markets.[1][4] It builds software enabling firms to optimize margin across over-the-counter (OTC) and exchange-traded derivatives (ETD), helping commodity trading firms, hedge funds, and banks manage liquidity, reduce funding costs, predict cash outflows, and minimize collateral posting.[1][3][4] With over 60 top-tier buyside clients and managing $130 billion in initial margin, OpenGamma addresses regulatory complexities and market volatility by replacing legacy systems with real-time analytics for trading, treasury, risk, and operations—driving operational efficiencies, lower risk, and capital alpha generation.[1][2] As of late 2024, it reported £13 million in gross profits with 70 employees before its acquisition by Trading Technologies in 2025.[2]
OpenGamma emerged over a decade ago as a derivatives analytics firm, backed by investors including Accel, CME Ventures, Dawn Capital, Allianz X, and Cristóbal Conde, combining practitioner, quantitative, and software engineering expertise.[3] Its idea stemmed from evolving derivatives markets, where rising regulatory demands and volatility exposed flaws in outdated infrastructure for collateral exchange.[1] Key leadership includes CEO Peter Rippon, COO Maxime Jeanniard du Dot, CTO Jonathan Senior, and heads across financials, commodities, development, product, and client services, driving its focus on margin optimization.[1] Early traction built through partnerships with IHS Markit, Eurex, and Tradeweb, culminating in its 2025 acquisition by Trading Technologies, which integrates its tools into a broader trading platform and expands its reach.[2][3]
OpenGamma rides the wave of structural shifts in global derivatives markets, including heightened margin requirements from regulations like uncleared margin rules and increased volatility, which demand modern tools over legacy systems.[1][2] Its timing aligns with profound changes amplifying liquidity risks, where firms need real-time optimization to preserve capital amid rising costs—market forces like post-2022 inflation and geopolitical tensions further boost demand for efficient hedging.[2][3] By partnering with exchanges (CME, Eurex, Japan Exchange) and data providers, it influences the ecosystem through capital efficiency, enabling more derivatives usage in trading strategies and supporting broader adoption of SaaS trading tech.[2][3][4] The 2025 Trading Technologies acquisition accelerates this, merging analytics with high-volume execution (2.9bn+ transactions in 2025), expanding fintech's role in end-to-end derivatives operations for Tier 1 institutions.[2][3]
With its acquisition, OpenGamma transitions from standalone innovator to a core component of Trading Technologies' multi-asset platform, poised for accelerated growth via expanded distribution in Americas, Europe, Middle East, and Asia-Pacific.[2][3] Trends like AI-driven risk modeling, further margin reforms, and volatile commodities/energy markets will shape its path, amplifying demand for predictive analytics amid sustained regulatory pressure.[1][2] Its influence may evolve by powering automated, low-risk workflows for a wider client base, potentially redefining treasury standards and unlocking alpha in constrained liquidity environments—reinforcing its mission to reinvent derivatives infrastructure at scale.[1][3]
OpenGamma has raised $90.3M across 8 funding rounds. Most recently, it raised $21.0M Other Equity in February 2022.
OpenGamma has raised $90.3M in total across 8 funding rounds.
OpenGamma's investors include Josh Bell, Cris Conde, Bruce Golden, CME Ventures, Dawn Capital, Accel, AME Cloud Ventures, Gideon Yu, Good Startup, Hardware Club, Index Ventures, Ligature.
