London Stock Exchange Group is to acquire Acadia, a provider of automated margin processing and integrated risk services for uncleared derivatives
In brief:
-Acadia’s risk and margining products span all OTC derivative asset classes and provide direct connectivity to over 2,000 market participants
-The company enables over $1 trillion in collateral exchanges daily
-LSEG has held a minority stake in Acadia since 2018 and says a full-scale takeover will strengthen its position in the post-trade space
What does this mean?
Daniel Maguire, group head, post trade, LSEG & CEO, LCH Group says, “our customers are looking for more ways to optimise their financial resources, and Acadia’s services enable significant efficiencies in risk management, margining and collateral."
