Japan Exchange Buys $1M Stake in OpenGamma

The exchange hopes its investment will yield greater insight and analytical capabilities.

peter-rippon-opengamma

JPX officials say the exchange hopes the investment will give it more insight and advanced technological capabilities around risk management and financial technology.

"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," says OpenGamma chief executive Peter Rippon, who joined the vendor in 2014 before being appointed CEO following a $13.3 funding round last October.

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