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Kirk Wylie Bailey McCann, Opalesque New York:

Risk management departments across all financial disciplines have found themselves under the spotlight recently. The combined forces of the financial crisis, and scandals ranging from Bernie Madoff to MF Global have increased both regulatory and investor interest in active risk management. To meet this demand, a variety of companies are adding new firepower to their risk offerings or launching new solutions.

On April 2, London-based, risk management and analytics company, OpenGamma launched the first release of its flagship open source risk management and analytics solution. The platform offers a fully open architecture allowing funds to calculate risk live, in real time.

"We created the OpenGamma Platform to be radically open and inspire a new way for financial services firms to leverage technology for the real time trading and risk data funds need," said Kirk Wylie, Founder and CEO of OpenGamma said in an interview with Opalesque. "We want people to use OpenGamma for as much as they can."

To that end, the platform provides integration support for legacy systems, custom applications and also external service providers. Platform users with a valid Bloomberg terminal or Server API instance can directly access Bloomberg data from within the OpenGamma Platform. The module also automatically loads reference data for exchange-traded securities and includes......................

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