AcadiaSoft and OpenGamma team up for UMR compliance

AcadiaSoft announced a partnership with derivatives analytics firm OpenGamma to simplify the workflow for compliance of Phases 5 and 6 of the Uncleared Margin Rules (UMR). The partnership will integrate AcadiaSoft’s initial margin calculation and reconciliation service with OpenGamma’s risk sensitivities generation service, both critical steps in the workflow for UMR compliance.

“As we continue to work across the industry to make UMR compliance less burdensome for Phase 5 and 6 clients, this partnership with OpenGamma is a natural fit,” AcadiaSoft Chief Product Officer Fred Dassori said. “Bringing OpenGamma into the AcadiaSoft network will enable our common clients to meet the requirements of the new rules efficiently and seamlessly.”

Clients using OpenGamma’s risk sensitivities service will have automated feeds of their input files in the Common Risk Interchange Format (CRIF), the ISDA SIMM standard format for risk sensitivities, and AcadiaSoft’s IM Exposure Manager (IMEM) for daily reconciliation against counterparties also subject to UMR. IMEM is the industry standard for calculation and reconciliation of regulatory initial margin and is used by all in-scope firms in Phases 1-4.

Read the full release

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