Acadia announced the launch of Data Exploration (DX) – a set of data analytics tools that provide access to Acadia data in a manageable and digestible set of reports. The new service improves client margining processes by providing the industry-standard measurements required for quantifiable process improvement. Acadia is a provider of integrated risk management services for the derivatives community.
The Data Exploration (DX) suite offers accurate, real-time data for collateral, margin and risk mitigation serving sell-side, buy-side and fund administrators. Users can access timely data across their end-to-end process such as volume breakdowns by date, organizational and agreement details, pledged collateral trends and breakdowns, as well as dispute monitoring. The platform also enables users to access industry comparisons and peer group benchmarking analysis to understand their position in the market.
“Data is fundamental to the way our world works; more and more firms are finding the sheer volume of data an industry wide challenge. Data at this volume can become disparate, needlessly duplicated and ultimately overwhelming. We have designed DX to extract meaning from the masses of data and centralize the information as a single data layer,” said Stuart Smith, co-head of Business Development at Acadia. “We hope that through the DX service, users are not just getting much needed clarity, but valuable operational and risk insights through features such as our comparative reporting and benchmarking tools.”
Acadia was recently asked by the Basel Committee on Banking Supervision (BCBS), the Bank for International Settlements’ Committee on Payments and Market Infrastructures(CPMI) and the International Organization of Securities Commissions (IOSCO) to leverage its DX service to provide an overview of the bi-lateral OTC derivative market for the Regulators’ recent review of industry margin practices. The recent BCBS-CPMI-IOSCO report, with its integrated DX data from Acadia, provided additional context for the industry wide Financial Stability Board’s work program to enhance the resilience of the non-bank financial intermediation sector.
“We are proud to offer our users the first and one-of-its-kind data platform that provides rich insight enabling them to increase operational efficiencies and scale their business. This level of accessibility will have such a meaningful impact on how firms approach everyday processes and longer-term planning. When the data you need is presented in a way that suits you, there are less obstacles to achieving best practice.” added Chris Walsh, CEO of Acadia. in a statement.