The London Stock Exchange Group (LSEG) has acquired a 15.7 percent minority stake in margining automation pioneer AcadiaSoft, which has also signed a preliminary agreement to integrate LCH SwapAgent with the AcadiaSoft Hub to help standardize margining for non-cleared derivatives. The LSEG stake is intended to help AcadiaSoft expand. “Although investment plans are not final… Read More >>
AcadiaSoft Targets Buy Side’s New Margining Woes
AcadiaSoft Inc., a vendor of margin automation solutions, is targeting the buy side with the launch of CollateralManager, which is intended to streamline collateral searches when used with the AcadiaSoft Hub. The new platform will encompass all agreement types — over-the-counter (OTC) bilateral, OTC-cleared, and exchange-traded derivatives, repos, MSFTA, securities lending and borrowing, officials say…. Read More >>
Integral Readies Market Data Support for Crypto Currency Pairs
Integral Also Launches iOS App Foreign exchange (FX) technology vendor Integral is now offering market data support for Bitcoin, Ethereum, Bitcoin Cash and Litecoin via its trading platform, the Open Currency Exchange (OCX), officials say. The expanded market data coverage will include the top pairings of: BTC/USD; ETH/USD; BCH/USD; and LTC/USD. Over the coming weeks,… Read More >>
More Firms Join AcadiaSoft Hub to Meet IM Deadline
Hub Gains Six Firms Under Phase 2 of IM Rules Collateral and margining solutions provider AcadiaSoft reports that six more “in-scope firms” under Phase 2 of the new initial margin (IM) rules have been integrated into the AcadiaSoft Hub for non-cleared derivatives. “The additional firms chose to use the hub for IM in order to… Read More >>
Partnership Brings Research on Asian Markets to Nyfix
Smartkarma Teams with ULLINK for Nyfix Smartkarma, a research vendor, and ULLINK, an electronic trading and connectivity solutions provider, are jointly unveiling the Smartkarma research platform via the Nyfix Portal, which targets Nyfix buy-side members looking for research on Asian markets. The effort is a response to the growing need for transparent pricing and unconflicted… Read More >>
AcadiaSoft’s Consulting Services Target Non-Cleared Derivatives
AcadiaSoft Introduces New Suite of Services AcadiaSoft Inc., the Norwell, Mass.-based provider of margin automation solutions, has launched AcadiaSoft Expert Services, a suite of consultative offerings targeting securities firms complying with new regulations, officials say. The first available offering within Expert Services is AcadiaSoft’s ISDA SIMM Approval Guidance, a service that to assist firms via… Read More >>
CloudMargin & SmartDX Tackle the Variation Margin Rule
Variation Margin Rule Takes Effect March 1 CloudMargin, at web-based collateral and margin management solution, and SmartDX, which provide trade and relationship document generation, collaboration and processing announced that they have partnered to address the daily variation margin (VM) rule that goes into effect March 1 in the European Union, United Kingdom, United States and… Read More >>
New Rules Mean New Ops Model for Initial Margining
(New rules for initial margining for non-centrally cleared over-the-counter (OTC) derivatives went into effect September 1 when a new margin framework took hold via the Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO). Regulators around the world have been to implement changes for firms trading in these instruments. Chris… Read More >>
Quantile and AcadiaSoft Join Forces for Risk Reduction Effort
Derivatives risk optimization vendor Quantile Technologies Ltd. and AcadiaSoft Inc., a collateral management automation provider, are joining efforts to help derivatives market participants cut counterparty credit risk and facilitate resources such as initial margin across asset classes and financial instruments, including swaps, options and non-deliverable forward (NDFs), a cash-settled, short-term forward contract. The Quantile’s risk… Read More >>
AcadiaSoft Unveils Central Margining Hub for Derivatives
Norwell, Mass.-based AcadiaSoft, Inc. reports that it has begun industry testing of its Collateral Hub, which it characterizes as the “first ever Central Margining service for non-cleared OTC [over-the-counter] derivatives.” Twenty-eight major banks are participating in the test of the electronic-margin-management system, AcadiaSoft says, noting that its “new service will facilitate industry compliance with impending… Read More >>
