February 18, 2013 - OpenGamma, creators of the first open source analytics and risk management platform for the financial services industry, today announced it was shortlisted for "Risk Management Software of the Year" in the 2013 FStech Awards. Now in its 13th year, the FStech Awards recognize excellence and innovation in the field of information technology within the UK and EMEA financial services sector.

The OpenGamma Platform delivers a completely open architecture that offers unprecedented transparency and improves the quality, accuracy and real-time availability of the critical trading and risk analytics required by front-office traders, quants and risk managers. OpenGamma offers an intuitive and flexible open source alternative to traditional or proprietary analytics and risk management solutions. It features a Universal Calculation Engine for real-time and batch risk computations, comprehensive support for stress testing and custom scenario analysis, and extensive market data support and trade data management capabilities to enhance any modern trading and analytics application.

"IT budget limitations and demands to better manage irregular data volumes and shifting regulatory mandates continue to drive firms to seek out the most cost-effective, flexible and powerful risk analytics solutions available," said Kirk Wylie, Co-founder and CEO of OpenGamma. "Our inclusion in this shortlist demonstrates the financial services community understanding that they need a new way to design their risk infrastructures, navigate today's volatile regulatory environment, and ensure the highest levels of transparency for their firms."

The FStech recognition continues OpenGamma's early positive momentum in 2013, including the company being named to Fast Company's annual list of the "World's 50 Most Innovative Companies" as the second most innovative company in the category of finance due to it exemplifying the best in business from across the economy and around the globe.