Boston – January 14, 2014 – AcadiaSoft, Inc announced today that at the end 2013 the company surpassed 60,000 active agreements on MarginSphere® – representing a 600% increase over the 10,000 live agreements announced in April 2013.
MarginSphere® is a margin confirmation community that streamlines and standardizes communications between counterparties engaged in collateral management. It is the result of collaboration between AcadiaSoft and several of the industry’s largest financial institutions. MarginSphere® provides a margin automation standard for a wide range of products including those covered under ISDA, Repo, MSFTA, Futures and OTC Clearing agreements.
“2013 was an extremely active year for our clients who had to not only comply with a wave of new regulations but also absorb the increases in volumes and complexities that went along with them. We are very pleased that they were able to capitalize on margin automation to help satisfy these demands,” notes David Radley, Head of Global Sales for AcadiaSoft.
“As the pace of MarginSphere® adoption accelerates so does the opportunity for efficiencies available to all market participants. The network effect is a powerful force that is translating to significant volume increases for our clients. This, in combination with the expansion of our product set to Cleared, Agency MBS and Repos, is advancing progress towards the goal of a completely automated industry-wide margin process,” asserts Chris Walsh, Chief Operating Officer for AcadiaSoft.