Trading Technologies International Completes Acquisition Of OpenGamma

The acquisition will integrate OpenGamma’s advanced margin optimization and capital efficiency tools into TT’s platform, enabling automated trading and position transfer workflows that reduce risk, boost efficiency and enhance TT’s multi-asset trading capabilities.

Justin Llewellyn-Jones, CEO of TT, said: "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."

Peter Rippon, CEO of OpenGamma said: "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."

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OpenGamma serves a wide range of top-tier clients, including hedge funds, commodities trading firms, and sell-side banks. TT plans to leverage these relationships to expand in the hedge fund and energy sectors, while OpenGamma gains access to TT’s broader sell-side client network.

In 2025 TT’s platform processed over 2.9 billion derivatives transactions. Its Execution Management System (EMS) provides access to 100+ global exchanges and venues for cross-asset trading, while its Order Management System (OMS) enables firms to manage, execute and confirm orders efficiently. The platform’s multi-asset functionality supports high-, low-, and no-touch workflows across global trading operations, and its open architecture allows users to integrate custom systems, private liquidity, execution algorithms, and external data sources enterprise-wide.

Houlihan Lokey acted as exclusive financial advisor, and Gunderson Dettmer as legal advisor to OpenGamma. Goodwin Procter advised Trading Technologies, Thoma Bravo and 7RIDGE.

About Trading Technologies

Trading Technologies is a global SaaS capital markets platform providing end-to-end trading solutions for banks, brokerages, hedge funds, and other market participants. Its multi-X approach spans asset classes, workflows and geographies, offering execution, analytics, compliance post-trade services and infrastructure while enabling exchanges and technology partners to deliver innovative market solutions.

About OpenGamma

OpenGamma is a derivatives analytics firm specializing in OTC and exchange-traded derivatives (ETD) and prime broker margin methodologies. Combining practitioner, quantitative, and software engineering expertise, it serves leading global banks and fund managers, with thousands relying on its analytics. The company is backed by Accel, CME Ventures, Dawn Capital, Allianz X, and Cristóbal Conde.