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OpenGamma, a leading provider of derivatives analytics and risk management solutions, is pleased to announce successful independent margin replication of the Nodal Clear margin model. Nodal Clear is the clearing house for Nodal Exchange. The completion of the work means clients using OpenGamma’s tooling are able to calculate, optimize and forecast margin requirements on Nodal Exchange.
“We are thrilled to announce the successful replication of Nodal Clear’s margin model. This underscores OpenGamma’s dedication to delivering best-in-class derivatives analytics and risk management solutions.” said Peter Rippon, OpenGamma CEO. “By independently calculating Nodal Clear’s margin requirement on the OpenGamma platform, we empower market participants with greater transparency and control over their liquidity requirements.”
“We are excited to have OpenGamma as an Independent Service Vendor supporting Nodal Clear’s customers. Their ability to replicate Nodal Clear’s innovative approach to margin calculation and capital requirement optimization can provide users with a powerful risk management solution,” said Huan Zhang, Chief Risk Officer of Nodal Clear.
About Nodal Clear
Nodal Clear is a Derivatives Clearing Organization (DCO) pursuant to the Commodity Exchange Act and is regulated by the CFTC. Nodal Clear provides central counterparty clearing services to Nodal Exchange and Coinbase Derivatives Exchange. Through the novation process, the clearing house becomes the buyer to every seller and the seller to every buyer, significantly reducing the credit risk exposure of market participants. Nodal Clear’s strong risk management practices create a sound market infrastructure for trading. Nodal Clear employs a tailored portfolio margining methodology that appropriately margins contracts and provides capital efficiencies to market participants. Further information is available at www.nodalclear.com
About OpenGamma
OpenGamma is a derivatives analytics firm with unparalleled expertise in OTC and ETD margin methodologies, backed by CME, JSCC, Accel Dawn and Allianz X. Our teams bring together a unique mix of practitioner, quantitative and software engineering expertise. Today, we are trusted by the largest and most sophisticated Investment Banks, Asset Managers, Hedge Funds and Commodity Firms. www.opengamma.com
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