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

Related Posts

Previous Post
IIROC broadens regulatory strategy to address rise of fintech, blockchain, digital assets
Next Post
BMO partners with JWG for AI-powered regtech

Fill out this field
Fill out this field
Please enter a valid email address.


Reset password

Create an account