JPX invests $1 million in risk analytics firm OpenGamma

Maria Nikolova

Through this investment, JPX seeks to get more insight and advanced technological capability in the fields of risk management and fintech.

The push by Japan Exchange Group Inc (TYO:8697), or JPX, into the world of fintech continues, as today it announces that it has made a minority investment of $1 million in London-based OpenGamma, Inc.

OpenGamma is a provider of risk analytics for the derivatives markets. The company is a pioneer in open source and cloud based financial software, and is involved in initiatives investigating the potential of blockchain technologies for derivatives. OpenGamma’s range of clients include financial institutions, such as global CCPs and banks.

This is not the first time that OpenGamma attracts investments. Some of you may recall that in August 2012, it completed a $15 million Series C round of equity financing led by ICAP plc.

Commenting on the rationale for the investment, JPX said it “aims to deepen its relationship with OpenGamma, as well as to gain more insight and advanced technological capability in the fields of risk management and fintech”.

Although JPX does not get into more details about the reasons for the investment, it could be that the recent activities of OpenGamma in the field of distributed ledger technologies (DLT) have caught the attention of the Japanese group. For instance, in April last year, OpenGamma and Clearmatics demonstrated a proof-of-concept showing how two counterparts can collectively value in real-time a portfolio of FX swaps using blockchain technology adapted from the Ethereum codebase.

In February 2016, JPX and IBM Japan agreed to start proof of concept (PoC) tests for blockchain technology. That co-operation was announced as JPX conceded the distributed ledger technology was gaining attention worldwide as a promising aspect of fintech.

In the end of November 2016, Tokyo Stock Exchange, Inc. (TSE) announced that TSE, Osaka Exchange, Inc. (OSE) and Japan Securities Clearing Corporation (JSCC) were forming a consortium of Japanese financial institutions to keep conducting proof of concept (PoC) testing and explore the possibility of applying DLT to capital market infrastructure.

Read this next


US and South Korea seek extradition of Luna founder Do Kwon

Both US and South Korean officials are seeking to extradite Terraform Labs CEO Do Kwon, just hours after he was arrested in Montenegro.

Retail FX

Pepperstone UK doubles profit, client assets in 2022

The London-based entity of Australian FX broker Pepperstone has reported its financials for the fiscal year ending June 30, 2022. The group had outperformed the last year’s flat performance, having doubled revenues and boosted the broker’s bottom line and shareholders’ fortunes.

Institutional FX

CLS FX volume rises to just shy of $2 trillion in February

Foreign exchange settlement provider, CLS Group saw strong volumes in February 2023 as the banking crisis continues to weigh on a world economy that’s yet to fully recover from the Russia-Ukraine war’s shocks.

Digital Assets

Binance restores trading after 2-hour outage

Binance suffered a breakdown on its trading engine that lasted for about two hours, but the premier cryptocurrency exchange finally managed to restore normal operations at around 14:00 UTC.

Digital Assets

Tether earns $700 million in Q1, taking excess reserves to $1.6 billion

Tether chief technology officer Paolo Ardoino said the world’s largest stablecoin issuer expects to earn more than $700 million in the January-Mach quarter, which will be added to the reserve backing its stablecoin (USDT).

Digital Assets

Narwhal Finance Secures $1M in Seed Funding Led by Animoca Ventures

Narwhal Finance received strong support from Animoca Ventures and angel investors in a $1 million seed funding round, reinforcing the company’s vision of providing an accessible platform to all.


SteelEye tries ChatGPT for market surveillance

This capability can be used as a starting point for initiating a surveillance investigation and to standardize workflow processes to boost the throughput and consistency of cases. It is also useful when analyzing communications in foreign languages, as the system returns the above insights in English regardless of the languages being used.

Industry News

SEC charges ex-Morgan Stanley advisor of NBA players after $13m fraud

Darryl Matthew Cohen was arrested this week and is facing three different federal counts of fraud, which could amount to 20 years in prison if convicted, besides the SEC complaint. 

Industry News

AWS FinTech Africa Accelerator launched, applications until April 27, 2023

Founders will be offered tech resources, expert guidance, and a global network of industry leaders, technologists, entrepreneurs, investors, associations, and partners, in order to build their fintech products.