Trading Technologies (TT) has acquired OpenGamma, a specialist in derivatives margin analytics, in a move that strengthens TT’s multi-asset platform and expands its offering in margin optimisation and capital efficiency for institutional trading firms.
Financial terms of the transaction, which brings OpenGamma’s margin and capital optimisation analytics into TT’s global trading platform, enabling clients to better manage margin-driven liquidity risk and improve capital efficiency across derivatives portfolios, have not been disclosed.
The deal brings OpenGamma’s margin and capital optimisation analytics into TT’s global trading platform, enabling clients to better manage margin-driven liquidity risk and improve capital efficiency across derivatives portfolios. The integration is expected to support more automated trading and position transfer workflows, helping firms reduce risk while operating more efficiently in an environment of increasingly complex margin requirements.
OpenGamma’s client base includes hedge funds, commodities trading firms and sell-side banks. TT said it will leverage these relationships to deepen its presence in the hedge fund and energy trading sectors, while OpenGamma will gain access to TT’s extensive network of sell-side institutions.
TT’s platform has processed more than 2.9 billion derivatives transactions so far in 2025 and provides access to more than 100 global exchanges and venues. The company offers both execution and order management systems, supporting high- to low-touch workflows across multiple asset classes through an open architecture that allows firms to integrate proprietary systems, liquidity and analytics.
Houlihan Lokey acted as exclusive financial adviser to OpenGamma, with Gunderson Dettmer providing legal advice. Trading Technologies, together with its shareholders Thoma Bravo and 7RIDGE, was advised by Goodwin Procter.
