Derivatives risk analytics company OpenGamma has landed a $1m from Japan Exchange Group (JPX) in exchange for a minority stake in the business.
London-based OpenGamma’s solution aims to help derivatives users explore the pricing, execution and clearing models that underpin the commercial relationships between market participants.
Founded in 2009 its clients include banks, asset managers, hedge funds and clearing houses.
OpenGamma CEO Peter Rippon said: “JPX has an established tradition of leading the charge to provide efficient and innovative management of risk for Japan’s financial and capital markets.
“This track record makes them ideal partners and catalysts for our mission of enabling derivatives users to make smarter trading and clearing decisions.”
JPX’s investment follows the $13.3m raised by OpenGamma in a Series D round led by Accel Partners and ICAP last year.
It’s total funding now sits at more than $37m. The company says the new capital will go towards expanding the platforms reach.
JPX executive office Takeshi Hirano said: “We’ve followed OpenGamma’s transformation from an innovator in the development of open source software into an important risk analytics provider for institutional finance.”
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