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AcadiaSoft Launches Sensitivities Calculation Services
Two models – direct with AcadiaSoft or via Bloomberg – provide clients flexibility in meeting the
operational requirements of margin rules for non-cleared derivatives
Norwell, MA, September 11, 2018 – AcadiaSoft Inc., the leading provider of margin automation
solutions worldwide, today announced that it is offering two new services to streamline the
generation of inputs necessary for margin calculations using *ISDA SIMM™. Market participants
that are in-scope for the calculation of initial margin for uncleared derivatives can access risk
sensitivities calculation services both through AcadiaSoft and through Bloomberg as an
integrated part of their Bloomberg workflow.
The AcadiaSoft solution allows firms to take advantage of an automated process that begins
with the submission of a trade file, incorporates a straight-through process on the AcadiaSoft
Hub including AcadiaSoft’s Initial Margin Exposure Manager (IMEM) service, and culminates in a
completed margin call. This sensitivities calculation solution is the first risk service to be
launched through AcadiaSoft’s previously-announced partnership with Quaternion Risk
The Bloomberg solution allows clients to use Bloomberg’s collateral management solution
(BCOL) to generate CRIF files via Bloomberg’s SIMM calculation engine. AcadiaSoft clients can
then route these CRIF files to the IMEM tool for reconciliation. Further integration is underway
to establish an API-based straight-through workflow across the BCOL and IMEM solutions.
“This collaboration with AcadiaSoft—including connecting our cross-asset collateral
management solution, BCOL, to AcadiaSoft’s IMEM solution—offers an additional degree of
efficiency for firms in-scope for uncleared margin rules,” said Alejandro Perez, Global Head of
Post-Trade Solutions at Bloomberg.
Both services are designed to meet the need for clients to calculate the risk sensitivities
required for using ISDA SIMMTM, reducing IT build cost, freeing up quantitative resources for
higher-value tasks, and reducing time spent developing and maintaining complex processes inhouse.
“These sensitivities calculation services meet a market demand for more automation of highly
quantitative processes,” said AcadiaSoft CEO Chris Walsh. “We’re fortunate to be working with
two industry leaders in Bloomberg and Quaternion, and the input we’ve received from our
client base has been invaluable. We look forward to continuing to collaborate with our industry
peers in the coming years to expand the products available through the AcadiaSoft Hub.”
Sensitivities calculation is part of a growing suite of services designed to meet the operational
and regulatory requirements of bilateral derivatives users. AcadiaSoft is developing these
services with Quaternion Risk Management and offering them through collaborations with
enterprise technology providers like Bloomberg, gathering significant input from the major
market participants currently subject to daily initial margin requirements.
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