New York, NY (PRWEB) March 28, 2013
OpenGamma, creators of the first open source analytics and risk management platform for the financial services industry, today announced that it was shortlisted for “Best Risk Management Technology Provider” in the 2013 HFMWeek European Service Provider Awards. The European Service Provider Awards recognize outstanding service and support to the European hedge fund industry over the past year.
The OpenGamma Platform provides real-time, cross-asset-class market risk and trading analytics in a single comprehensive solution. Available under an open source license, the risk management platform allows the highest level of transparency for traders, quants and risk management professionals, and can be integrated with any legacy data source, analytics library, trading system or market data feed. Buy-side institutions use the OpenGamma Platform for pre-trade and ‘what-if’ risk calculations, stress testing and scenario analysis, and risk aggregation across asset classes, strategies and portfolios.
“Changing regulatory demands and a rapidly evolving financial landscape have made it imperative for managers to seek out the most agile, transparent risk analytics solutions,” said Mas Nakachi, CEO of OpenGamma. “Our inclusion on the shortlist for the HFMWeek European Service Provider Awards proves that we are meeting our customers’ needs and providing strong delivery and ongoing support services that are among the industry’s best.”
The HFMWeek European Service Provider Awards continue a year of steady growth and industry recognition for OpenGamma. Recently, the company was selected for the annual Fast Company list of the “World's 50 Most Innovative Companies” as the second most innovative company in the category of finance and shortlisted for “Risk Management Software of the Year” in the 2013 FStech Awards.
The winners of the HFMWeek European Service Provider Awards will be announced at The Hurlingham Club in London on Thursday, 25 April 2013.
OpenGamma was founded in 2009 to develop an open platform for analytics and risk management for the financial services industry. The company’s flagship technology product, the OpenGamma Platform, is designed to allow financial services firms to unify their calculation of analytics across the traditional trading and risk management boundaries. The company is headquartered in London with an office in New York. For more information, visit http://www.opengamma.com