Open-Source Risk Management Platform Provider OpenGamma Releases Upgrade In Light of Dodd-Frank Regulations
by
Andrew Saks McLeod
In keeping with the current upgrades of risk management solutions to meet the ever-evolving regulatory structures around the world, and in particular the Dodd-Frank Act, OpenGamma today releases v2.0.
Open-source Analytics and Risk Management 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."
Open-source Analytics and Risk Management 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."
Institutional FX Demand Continues to Climb in April
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
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Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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