NORWELL, Mass.--(BUSINESS WIRE)--AcadiaSoft, Inc. has received Risk’s 2017 “OTC Infrastructure Service of the Year” Award for its AcadiaSoft Hub. The annual awards are the longest-running awards program for firms in the derivatives and risk management industry. The awards presentation was hosted in London on January 25.
“This recognition is a tribute to the hard work and ingenuity of the AcadiaSoft team and community,” said Chris Walsh, Chief Executive Officer of AcadiaSoft. “Our objective with the Hub was to implement a single system that effectively addressed the new margining regime for OTC derivatives. We are grateful to our partners in the industry and proud to be honored by Risk.”
The AcadiaSoft Hub provides the non-cleared OTC derivatives market with a central platform that integrates margin calculation, disputes management, reconciliation and risk management. 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. AcadiaSoft is now working with its partners, preparing to handle the volume increases expected when thousands of additional firms across the globe become subject to variation and initial margin regulations between March and September of this year.
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.