NORWELL, Mass.--(BUSINESS WIRE)--AcadiaSoft, Inc. has been honored by Waters Technology with the 2017 “Best Sell-Side Compliance Product” award for its AcadiaSoft Hub. The annual Sell-Side Technology awards program recognizes the leading technologies and third-party vendors throughout the financial industry.
“We are thrilled that the Hub has been recognized by the Waters team for the second year in a row,” said Chris Walsh, Chief Executive Officer at AcadiaSoft. “We aim to continually improve the Hub and to expand its services as demanded by new regulations and the market. This award reaffirms our commitment to that goal.”
This accolade crowns a year of remarkable industry recognition for AcadiaSoft. In 2016, the AcadiaSoft Hub received both the “Best New Sell-Side Newcomer” award from Waters and the “Strategic Transformation Project of the Year” award from The Banker. In January 2017, Risk presented the Hub with its “OTC Infrastructure Service of the Year” award. Finally, the Hub was recently shortlisted by FTF News for the “Best Collateral Management Solution” category in the publication’s 2017 Technology Innovation Awards.
The AcadiaSoft Hub provides the non-cleared OTC derivatives market with a central platform that standardizes and integrates margin calculation, disputes management, reconciliation and collateral transfer. It is the only industry-wide solution that directly addressed the initial margin requirements that went into effect in the U.S. and Japan on September 1, 2016 and the variation margin requirements implemented on March 1, 2017.
About AcadiaSoft, Inc.
AcadiaSoft, Inc. is a financial industry collaborative that is uniquely focused on delivering margin automation and standards for counterparties engaged in collateral management. AcadiaSoft allows market participants to communicate vital information on exposures, commitments and adjustments between counterparties in a complete, verifiable and secure manner.
Owned and backed by the investment of 16 major industry participants and infrastructures, the AcadiaSoft community has grown to over 250 member firms exchanging approximately $200B of collateral on daily basis. The Company’s growth has been driven by regulatory change in the derivatives industry that is increasing the demand for automated, transparent and verifiable collateral management.
AcadiaSoft’s Advisory Groups, Best Practice Forums and Working Groups provide a unique framework for integrating the thought leadership and capabilities of over 700 market participants, market infrastructures and key service providers across the industry.
AcadiaSoft is headquartered outside of Boston in Norwell, MA and has offices in London, Tokyo and New York.
For more information, see www.acadiasoft.com.