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AcadiaSoft Announces Successful Integration of First Buy-Side Firm, Phase 3 Firms into its Hub
All firms in-scope for Initial Margin Phase 3 Regs are now using the AcadiaSoft Hub
Norwell, MA, October 4, 2018 – AcadiaSoft Inc., the leading industry provider of risk and
collateral management services for the non-cleared derivatives community, today announced
that all firms in-scope for Phase 3 of the five-year Initial Margin (IM) rollout have been
successfully onboarded onto the AcadiaSoft Hub, including the first buy-side firm to be subject
to the rules. AcadiaSoft has now successfully integrated all IM phase 1, 2 and 3 firms to its
AcadiaSoft Hub platform and services.
Eight counterparty groups are in-scope for the Phase 3 of the regulatory framework established
by the Basel Committee on Banking Supervision (BCBS) and the International Organization of
Securities Commissions (IOSCO). All of the firms use AcadiaSoft’s MarginSphere® platform for
the issuance and agreement of regulatory IM calls as well as its Initial Margin Exposure
Manager (IMEM) for calculation and reconciliation of IM exposure using either the ISDA SIMM™
or schedule method.
“We are humbled by the trust that firms place in us as they navigate this challenging regulatory
landscape,” said AcadiaSoft CEO Chris Walsh. “And we are committed to helping firms achieve
IM compliance as efficiently and as inexpensively as possible.”
Mark Demo, Head of Industry and Strategy at AcadiaSoft, added: “We are pleased that the
AcadiaSoft Hub has become the one-stop shop for firms under the IM rules. We are now laserfocused
on expanding and enhancing the capabilities of the Hub to prepare for the hundreds of
firms that will fall under IM phases 4 and 5 in 2019 and 2020.”
AcadiaSoft holds regular working group meetings for IM phase 4 and 5 firms to share lessons
learned and to work towards IM compliance as a community.
About AcadiaSoft, Inc.
AcadiaSoft, Inc. is the leading industry provider of risk and collateral management services for
the non-cleared derivatives community. The AcadiaSoft Hub encompasses a suite of
applications and analytics that enable and measure the complete STP workflow from CSA
agreement management, risk services, margin and collateral management through to
settlement. Backed by 17 major industry participants and market infrastructures, AcadiaSoft is
used by a community of more than 650 firms exchanging approximately $400B of collateral on
daily basis via its margin automation services. AcadiaSoft is headquartered in Norwell, MA and
has offices in London, New York and Tokyo.
For more information visit acadiasoft.com.
+44 20 3954 0196