Open Link Financial, Inc. (OpenLink), a leading provider of cross-asset trading, risk management and operations processing software, announced today it has increased its financial and treasury clients by 18%, which builds on the consistent growth they have had in years prior. These clients all purchased OpenLinkâs OTC Derivatives Solution Suite and span a variety of institution types including large regional banks, insurance companies and corporate treasurers and asset managers.
Clients were driven by the need to handle an increasingly complex trade lifecycle. This, coupled with the uncertainty resulting from pending financial markets reform, meant that financial and treasury firms were looking for a comprehensive, integrated trading, risk-management and back-office platform that allows them to best leverage their existing resources, while positioning their infrastructure for the anticipated requirements. OpenLinkâs highly extensible data model, market leading analytics and flexible workflow and reporting tools within its OTC Derivatives Solution Suite meet the current and future needs of its growing client base.
âWeâve seen a tremendous amount of demand for a better risk management and compliance solution from institutions exposed to mandates of the pending regulatory change,â said Gary Koche, Managing Director, OpenLinkâs Financial and Corporate Treasury Division, Americas. âIn addition to seeking support for their currently traded products and existing operational processes and workflows, financial firms are looking for a solid Dodd-Frank product roadmap.â
Martin Taylor, Managing Director, OpenLinkâs Financial and Corporate Treasury Division, Europe, went on to add, âThe pending regulations could affect all types of institutions who trade derivatives. We are pleased that our solution suite supports the multifaceted needs of a wide variety of firms.â