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09 July 2010, 15:53

Open source financial analytics startup OpenGamma comes out of stealth mode

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Kirk Wylie, CEO of London based startup OpenGamma, has announced the company has come out of stealth mode and in the coming months, will be presenting its financial analytics platform to the world. The company is developing a common infrastructure and applications for financial services firms. The platform unifies batch and live calculations to create more consistency in risk and analytics calculations and is designed to be the core technology in batch risk analysis, commercial trading systems, bespoke trading systems and event driven alerting systems.

"Our goal in building OpenGamma isn't just to build an open source technology" said Wylie, "Our goal is to build the best platform for financial analytics and risk management possible". The platform will be made available under a "commercial friendly open source licence" because, says Wylie "that's what customers told us they want" and explained that customers want to be "able to debug all their integration points", "step through the code", know at a individual file level what has changed and "be able to download and play with the code without a sales person getting involved". OpenGamma goes into more detail on its openness in a page on the company web site.

OpenGamma has announced an Early Adopter Program, which will allow selected firms to get access to the OpenGamma Platform. Early adopters will be able to offer input on the feature set and will receive developer-to-developer support. OpenGamma are also offering hosted versions of the platform.

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