OpenGamma, creators of the first open-source analytics and risk management platform for the financial services industry, has partnered with Risk Focus, a specialist consultancy delivering enterprise risk management, derivatives trading and connectivity solutions.
The partnership will combine OpenGamma’s comprehensive risk technology with the proven delivery capabilities of Risk Focus to provide real-time, enterprise risk management solutions to global financial services firms.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Evolving regulatory standards including Basel, EMIR and Dodd-Frank, along with increasing market volatility, are driving the need for rapidly deployable and cost-effective solutions to meet new global risk management requirements.
Financial services firms must have complete transparency into risk systems and the flexibility to quickly run stress testing, modelling and complex market data input analysis, as well as the ability to easily restructure financial products. Risk technology must scale to market volumes, and integrate into complex legacy environments without costly forklift upgrades.
OpenGamma delivers the real-time critical trading and risk analytics needed by global risk professionals, quants and portfolio managers. Unlike unwieldy and expensive legacy technology, OpenGamma’s flagship OpenGamma Platform give financial institutions unprecedented transparency and allow them to access code directly.
As an OpenGamma solutions partner, Risk Focus delivers the client solution, leveraging OpenGamma’s open toolkit to build custom, scalable, real-time risk management solutions that can be quickly and efficiently deployed by global capital markets firms.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThe client estimates that using OpenGamma will save 9 months of project time and about 4 man-years of development effort, in addition to benefiting from richer functionality, stress testing on demand and increased agility for future developments.
Brian Lynch, CEO of Risk Focus, said: "OpenGamma’s open architecture greatly accelerates the development of real-time custom risk management solutions. It also facilitates flexible integration to legacy platforms that move at a slower pace. Our partnership with OpenGamma will enable us to accelerate our customer deployments to help them rapidly respond to new market challenges."
Mas Nakachi, CEO of OpenGamma, said: "While monolithic vendors remove access to code and tighten their grip on their clients, OpenGamma’s open architecture ensures our clients have access to a rich ecosystem of third-party tools and services that allow them to shorten the time-to-value of implementing a new risk system, and ultimately enjoy a lower total cost of ownership."
