OpenGamma, a leading margin optimisation provider, today announced that Aspect Capital, a market-leading systematic investment manager, is further expanding its use of OpenGamma’s derivatives analytics across the range of markets traded by Aspect.
OpenGamma’s analytics track risk exposure and help maintain fund liquidity. OpenGamma’s breadth of coverage for exchange and broker margin methodologies has made it the partner of choice for Aspect Capital since 2018.
Aspect Capital is always seeking new opportunities, and trading new markets comes with hidden challenges. For example, futures and options contracts trade on local country exchanges, and each exchange has its own specific approach for calculating derivatives margin.
To help control risk and manage liquidity, it is important that the investment manager is able to predict the derivatives margin requirements from current, and potential new strategies. This requires access to margin analytics that cover the specific methodologies used in each local market. The breadth of market coverage provided by OpenGamma reduces the time and cost of preparing to trade new markets.
Commenting on the expanded agreement, Jake Thornton, Head of Market Risk at Aspect Capital, said: “As the regulatory landscape for margin evolves and we continue to diversify our product range, OpenGamma’s intuitive platform and expertise in margin replication provide a valuable tool to help optimize cash usage in a high cost, low interest rate environment. We are delighted to be working with OpenGamma to further integrate their margin replication into the Aspect workflow. ”
Peter Rippon, CEO of OpenGamma added: “The evolving derivatives landscape has increased the demand for analytics that allow financial institutions to proactively manage margin requirements. Our expanded partnership with Aspect Capital will broaden the delivery of operational efficiencies for their derivatives trading by tracking the consumption of margin across a wide range of markets and multiple prime brokers”