OpenLink, the global leader in trading and risk management solutions for the energy, commodities, corporate and financial services industries, has been named again as a Category Leader in Chartis’ FinTech Quadrant for Collateral Management Systems for the Trading Book. OpenLink scored highly, with more than half of the areas investigated by the analysts listed as core strengths/advanced capabilities, including derivative margin calculations, stress testing and reporting.
Chartis based its evaluation on a broad set of criteria within the overarching areas of completeness of offering and market potential. The report uses in-depth independent research and a clear scoring system, based on a sophisticated ranking methodology, to inform its quadrant-based results. ‘Category Leaders’ are defined as vendors that have the necessary depth and breadth of functionality, technology and content, combined with the organizational characteristics to capture significant market share by volume and value. They have best-in-class solutions and demonstrate an ongoing investment in innovation.
Commenting on the success, Ken Knowles, Executive Vice President of Enterprise Strategy and Business Development for OpenLink, said: “Regulatory and market pressures mean collateral management is high on the agenda at the moment, and while we regularly hear that this is an area of key strength in our product, it is always gratifying to receive external endorsement such as this. Our focus will remain firmly on investing in the product, people and delivery to ensure we stay ahead of clients’ needs as they change.”
Hugh Stewart, Research Director at Chartis added: “Over recent years we have seen increasingly stringent regulations and derivative market structure changes reset the requirements for collateral management systems. Add to that the emerging view that efficient collateral management can be a revenue-generator, not just a cost, and you get a sense of the importance of this area. In a strong field, OpenLink’s platform performed well in our analysis.”
The leadership position follows continued industry recognition for OpenLink, which was ranked as a ‘leader’ within Gartner’s Magic Quadrant for Trading Platforms in 2015. OpenLink also took top spot for ‘Energy Trading Risk Management’ in Energy Risk’s rankings, and was voted as ‘Commodities Trading Systems Leader’ in the 2015 Risk Technology Rankings. It now has over 600 clients worldwide and solutions utilized by more than 37,000 users.