Open-Source Risk Management Platform Provider OpenGamma Releases Upgrade In Light of Dodd-Frank Regulations

Open-source Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term platform provider OpenGamma today announced its second release in the form of a platform upgrade.

The enhanced platform offers advanced stress testing capabilities, performance improvements, and extended asset-class functionality across listed products and credit derivatives.

Last year, OpenGamma secured a further round of funding to the tune of $15 million, and recruited ex-ICAP executive Mark Beeston.

Market volatility and regulatory pressures continue to challenge financial services firms as they grapple with legacy technology, shrinking IT budgets, and large amounts of data required for risk management and analytics.

Compliance A Priority As Rules Evolve

Financial services firms must adapt risk management techniques quickly as a response to decreasing margins and new regulatory standards, in particular, the updating of risk scenarios for stress testing to meet Dodd-Frank, EMIR, and Basel capital requirements.

The OpenGamma Platform offers support and real-time availability of critical trading and risk analytics required by front-office traders, quants, portfolio managers and risk professionals.

As an open source alternative to traditional risk management solutions, the platform is intended to provide the flexibility needed to address the rapidly changing financial landscape with cost-effective, transparent risk technology.

Users can access the platform through their favorite languages and tools such as R, MATLAB, Excel, or in-house interfaces.

“Firms today must invest in robust and comprehensive risk management systems to ensure they keep pace with market structure changes and regulatory mandates," stated the firm’s CEO Mas Nakachi, on behalf of OpenGamma.

"The OpenGamma Platform 2.0 offers an open, seamless solution that encompasses the benefits and tools that were offered in Version 1.0, with key enhancements that reflect new market challenges.

“With Version 2.0, the financial services industry gains the customization and flexibility needed to tackle new stress testing mandates and efficiently adapt to new risk system requirements.”

“We remain dedicated to changing how financial services firms interact with technology through open source, empowering the industry to efficiently address ongoing trading and risk challenges" concluded Mr. Makachi.

"The ongoing transformation of the OTC derivatives market structure, coupled with broader regulatory impacts and increased market uncertainty, is driving the need for more comprehensive, accurate and timely risk measurement," stated E. Paul Rowady, Jr., Senior Analyst at TABB Group.

"This landscape requires that most market actors pursue real-time situational awareness right now - all the better if while maximizing potential for future interoperability."