Acadia

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Acadia
Headquarters Boston
Key People Chris Walsh, Chief Operating Officer
Website www.acadiasoft.com
Releases Company News

Acadia, formerly AcadiaSoft Inc., is an independent provider of margin automation for counterparties in the OTC derivatives market. AcadiaSoft is a result of the collaboration of major financial institutions, including eight Fed 14 banks. The solutions support implementation of documented ISDA Collateral Requirements. The company rebranded as "Acadia" on June 21, 2021.

The rebranding came after the company acquired Dublin-based Quaternion in February 2021 and was a culmination of Acadia’s transformation from a pure software company to an industry standard platform over the previous decade, Acadia said.[1]

History[edit]

In June, 2012, Acadia paired with the trading and risk processing platform Calypso Technology to incorporate its margin automation, electronic messaging and workflow software into Calypso's collateral management solution systems. This integrated software was intended to answer calls from the G20 for greater collateral requirements in OTC derivatives clearing. [2]

Products and Services[edit]

On March 5, 2019, AcadiaSoft Inc. announced plans to release an Initial Margin (IM) Monitoring Service designed to provide IM Phase 4 and Phase 5 firms with the ability to monitor their IM exposure. Once a firm meets their maximum IM threshold, the service will automatically trigger the onboarding process for CSA (Credit Support Annex) and custody agreement negotiation. The service is being introduced in response to guidance recently issued by the Working Group for Margin Reform within the Basel Committee for Banking Supervision and the International Organization of Securities Commissions (IOSCO).[3]

Key People[edit]

References[edit]