NORWELL, Mass.--(BUSINESS WIRE)--AcadiaSoft was honored with the “Best Sell-Side Newcomer” award for its AcadiaSoft Collateral Hub service at last night’s 2016 Waters Sell-Side Technology Awards at New York’s Marriott Marquis. The annual awards ceremony recognizes the leading technologies and third-party vendors across various areas of expertise in the financial industry.
The AcadiaSoft Collateral Hub, launched in February 2016 with the participation of 28 of the world’s largest banks, addresses upcoming collateral regulations that will impact the OTC derivatives market starting this September. The Hub provides the non-cleared OTC derivatives market with a central margining platform that standardizes and integrates margin calculation, reconciliation, communication and disputes management for counterparties.
“This award is a testament to the spirit of innovation embodied in the AcadiaSoft community,” said Chris Walsh, Chief Executive Office of AcadiaSoft. “We developed the Collateral Hub to meet new regulatory requirements in the OTC derivatives market and we are grateful for the support we’ve received from the industry. We’re proud to be acknowledged by Waters Technology and the sell-side executives who participated on the panel of judges.”
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 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 and New York.
For more information, see www.acadiasoft.com