OpenGamma to Support CME Clearing's Latest Margin Calculator for OTC Rates and Credit
Summary
OpenGammas hosted service, the first of our Risk-as-a-Service (RaaS) cloud solutions, provides access to margin analysis with no overhead required for data integration or local software deployment. "Because margin calculations are critical to many front-, middle-, and back-office roles in the life of a cleared transaction, we look for products and services from entities like OpenGamma, which can provide CME tools to our mutual clients." OpenGamma helps financial services firms evaluate, understand, and manage market risk in an open, transparent manner. Our software and services enable firms to optimize their businesses in the evolving OTC markets, improving capital efficiency and balance sheet management. We aim to help our customers gain more insight into their underlying risk exposures, better assess the true cost of trading, and respond more rapidly to the ever‐evolving regulatory landscape.