NORWELL, Mass.--(BUSINESS WIRE)--AcadiaSoft Inc., the leading industry provider of margin automation solutions for counterparties engaged in collateral management worldwide, today announced the launch of CollateralManager, which will provide complete end-to-end collateral management for all buy-side firms via the AcadiaSoft Hub. The web-based platform covers all agreement types – OTC Bilateral, OTC-Cleared, Exchange Traded Derivatives, Repo, MSFTA, Securities Lending and Borrowing and lends itself to asset managers, hedge funds and corporates who have regulatory and operational requirements to automate their internal collateral management process.
CollateralManager is fully integrated into AcadiaSoft’s MarginSphere®, the industry standard margin confirmation service that streamlines communications between counterparties engaged in collateral management through automation and electronic messaging.
“With every global bank and nearly all regional dealers now engaged on the Hub, the natural next step for us is to expand AcadiaSoft’s offerings to the buy-side community,” said Chris Walsh, Chief Executive Officer of AcadiaSoft. “By integrating CollateralManager with MarginSphere®, we can provide a one-stop shop for the buy-side’s collateral and messaging needs. Our easy-to-use cloud-based platform will help firms reduce the time and cost previously required to manage collateral and margin calculations.”
CollateralManager allows firms to customize dashboards with inventory management, collateral optimization and margin call communication capabilities. The inventory management capability tracks available collateral from allocation to agreed obligations. The service also provides position management, which will set collateral values based on eligibility terms and the latest pricing data. Participating firms will be able to access all the banks currently engaged on the AcadiaSoft Hub.
“Collateral Management can be especially time-consuming under the new margin rules for smaller side firms that have fewer internal resources,” said Mark Demo, Product Director at AcadiaSoft. “CollateralManager is a light-touch platform that gives access to both collateral management and messaging services across all agreement types. Through this platform, firms will be able to streamline the management of collateral movements and margin payments, thus eliminating the need to rely on spreadsheets and manual processes.”
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 more than 400 member firms exchanging approximately $400B 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.