RiskTech Forum

CloudMargin And OpenGamma Partner For Automated Initial Margin Calculation For OTC Derivatives

Posted: 19 October 2015  |  Source: CloudMargin


CloudMargin, the first and only cloud-based collateral and risk management platform, and OpenGamma, a leading provider of market structure risk solutions, have joined forces to assist CloudMargin clients in meeting their increasingly complex risk management needs arising from the central clearing obligations for OTC derivatives.

Delivered via highly efficient cloud based technology, our revolutionary collateral management platform integrated with OpenGamma’s margin analytics, will provide CloudMargin clients a single portal to validate clearing house margin calls from their clearing broker and what-if tools to optimise their choice of clearing brokers and clearing venues.

Stuart McHardy, Co-Founder of CloudMargin commented: “This responds directly to our clients’ requests for pre-trade value add services and far more transparency around the collateralisation of their cleared derivative portfolios with their clearing brokers”.

Dave Wong, head of buy-side strategy for OpenGamma, said: “As mandatory OTC derivative clearing is introduced to the buyside, firms with OTC derivative positions will be subject to regular posting of margin to their brokers. The CloudMargin / OpenGamma solution will allow those firms to independently validate and understand the margin they are charged by the CCPs. For CloudMargin customers, this service can be delivered without adding any overhead of systems deployment or data integration.”