Trading Technologies International (TT) said it has acquired OpenGamma, a provider of derivatives margin analytics for buy-side and sell-side firms, in a deal intended to deepen TT’s risk and capital efficiency capabilities across its multi-asset platform. Financial terms were not disclosed.
TT said it will integrate OpenGamma’s margin optimization and capital efficiency tools into the TT platform to support automated trading and position transfer workflows designed to reduce risk and improve operational efficiency. The combination is also expected to strengthen TT’s multi-asset offering by adding real-time analytics aimed at helping firms manage margin-driven liquidity risk while maintaining counterparty risk safeguards.
OpenGamma has built a client base that includes hedge funds, commodities trading firms, and sell-side banks. TT said it plans to leverage OpenGamma’s customer relationships to expand opportunities in sectors such as hedge funds and energy, while providing OpenGamma with access to TT’s broader distribution network across the Americas, Europe, the Middle East, and Asia-Pacific.
TT said its platform has processed more than 2.9 billion derivatives transactions so far in 2025 and provides connectivity to more than 100 global exchanges and venues through its execution management system. The company also offers order management functionality, including post-trade confirmations and allocations, and said its open architecture allows clients to integrate proprietary connectivity, liquidity, and algorithms while importing external data at an enterprise level.
Houlihan Lokey served as exclusive financial advisor and Gunderson Dettmer served as legal advisor to OpenGamma. Goodwin Procter served as legal advisor to Trading Technologies, Thoma Bravo, and 7RIDGE.
KEY QUOTES:
“The acquisition of OpenGamma is a transformative step that immediately deepens the value proposition we will offer our combined customer base. Global derivatives markets have undergone profound structural changes in recent years, particularly in the realm of margin requirements, resulting in an acute need to manage margin-driven liquidity risk without weakening safeguards around counterparty risk. OpenGamma’s real-time insights empower firms to maximize leverage and free up precious capital. This is a crucial strategic addition that aligns perfectly with our mission to provide the best multi-asset platform experience across the entire trade life cycle.”
Justin Llewellyn-Jones, CEO, Trading Technologies
“Joining forces with Trading Technologies provides us with a massive opportunity to accelerate our growth. Leveraging TT’s scaled go-to-market and distribution capabilities will unlock new opportunities for the OpenGamma platform across the Americas, Europe, the Middle East and Asia-Pacific regions. Our team is excited to integrate our leading analytics into the TT platform, bringing new capital efficiencies to a much broader audience. I would like to thank the OpenGamma team and our investors for their unwavering commitment and support over the last 10 years.”
Peter Rippon, CEO, OpenGamma
