LSEG takes stake in AcadiaSoft, LCH SwapAgent agrees margin automation development

AcadiaSoft announced that London Stock Exchange Group (LSEG) has taken a minority stake in the company. Along with this investment, AcadiaSoft has signed a preliminary agreement that will enable further collaboration with LCH SwapAgent on the development of new products to automate and standardize the margin process for non-cleared derivatives. AcadiaSoft and LCH SwapAgent will work together to provide global derivatives market participants with a seamless operational process for margin calculation.

LCH SwapAgent provides market participants with a number of solutions designed to materially improve standardization, efficiency and simplicity in the non-cleared derivatives market. Trades managed by LCH SwapAgent remain fully bilateral but follow a similar operational process as cleared trades, including centralized trade processing, valuation, margining, risk calculation and optimization services. The integration of LCH SwapAgent’s independently-calculated collateral requirements with the Hub will move AcadiaSoft deeply into the collateral business.

“This is a development of enormous significance, given the unrelenting pressure firms feel around fee reductions, changing regulations, and new, rapidly-evolving technologies,” said Howard Edelstein, Chairman of AcadiaSoft in a statement.  “Collaboration among banks, market infrastructure providers and RegTech companies like AcadiaSoft is the future of the financial services industry.”

Read the full release

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