OpenGamma, a leading margin optimisation provider, today announced its collaboration with IHS Markit, a world leader in critical information, analytics and solutions, to help mutual clients reduce the cost of margin management. The best-of-breed offering will unite OpenGamma’s pre-trade margin analytics with IHS Markit’s post-trade derivatives calculation service, providing end-to-end support for in-scope entities.
The post-trade calculations extend from IHS Markit’s award-winning Portfolio Valuations business, which is recognized for its quality of service and 15 years of expertise across complex and exotic products, as well as CDS pricing and bank consensus data for illiquid derivatives. When combined with OpenGamma’s strength in margin analytics for cleared and bilateral derivatives, mutual clients can fully manage pre- and post-trade requirements through a single solution with flexible delivery options.
The collaboration comes after global regulators introduced a one-year delay to phases five and six of margin requirements for non-centrally cleared derivatives, more commonly known as Uncleared Margin Rules (UMR). The final two phases of UMR, scheduled for September 2021 and September 2022 respectively, will bring into scope numerous institutional asset managers, creating increased demand for tools that help reduce the cost of posting margin.
“Together with OpenGamma, we are excited to help firms achieve regulatory compliance and a competitive edge through margin validation and optimisation,” said Hiroshi Tanase, Executive Director at IHS Markit. “Our forward-looking solution, powered by highly-accurate margin analytics and calculations, can effectively streamline margin workflows and OTC derivatives trading to enable cost mitigation.”
“Asset managers are currently working out how to best use the time afforded to them by the UMR delay,” added Peter Rippon, CEO of OpenGamma. “Many firms are underestimating the complexity involved in pricing bilateral derivatives. IHS Markit is one of the very few firms that has the proven pedigree in this area. Together, our combined solution offers full coverage for both cleared and bilateral derivatives.”
Source: OpenGamma
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
It's been a month since we had our Women In Finance Awards in New York City at the Plaza! Take a look back tab some moments, and nominate for our upcoming awards in Mexico City and Singapore here: https://www.marketsmedia.com/category/events/
4
Citadel Securities told the SEC that trading tokenized equities should remain under existing market rules, a position that drew responses from various crypto industry groups. @ShannyBasar for @MarketsMedia:
SEC Commissioner Mark Uyeda argued that private assets belong in retirement plans, saying diversified alts can improve risk-adjusted returns and that the answer to optimal exposure “is not zero.” @ShannyBasar reporting for @MarketsMedia:
COO of the Year Award winner! 🏆
Discover how Jennifer Kaiser of Marex earned the 2025 Women in Finance COO of the Year recognition.
Related articles
-
Amundi said nanagers that prepare for the onchain world may end up as winners.
-
Tokenization webinar featured TradFi executives from Nasdaq, Tradeweb, and DRW.
-
The expanded partnership enables TJM to offer clients improved capital & collateral efficiency.
-
This is the first time regulated public equity can be used directly in an onchain borrowing market.
-
End-user clients would benefit from increased capital and margin efficiencies.