OpenGamma announced it can now perform 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.
“This underscores OpenGamma’s dedication to delivering best-in-class derivatives analytics and risk management solutions.” said Peter Rippon, OpenGamma CEO, in a statement. “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, in a statement.