Provider of risk and collateral management services for the non-cleared derivatives community, AcadiaSoft, has just announced that it has teamed up with cloud technology company CloudMargin.
The partnership aims to provide AcadiaSoft’s clients with a seamless front-to-back process for collateral and margin management. The service offers access to AcadiaSoft’s and CloudMargin’s solutions via a single sign-on to one platform and provides real-time data and processing information that all parties can view simultaneously, enabling end-to-end workflow connectivity.
Our collaboration with CloudMargin enhances the industry-wide infrastructure that AcadiaSoft has developed for collateral and margin management,” said Chris Walsh, CEO of AcadiaSoft. “This partnership enables AcadiaSoft to execute on a key strategic goal of expanding our one connection, one solution initiative in time for the uncleared margin rules (UMR) regulatory timetable as well as our ability to meet industry expectations of a central service in a swifter timeframe.
AcadiaSoft will integrate CloudMargin’s cloud-based collateral management service into its core platform to provide a seamless risk and collateral solution, from agreement initiation to margin call reconciliation and collateral processing, right through to settlement.
CloudMargin CEO Stuart Connolly commented:
We are extremely excited to work with Chris, the AcadiaSoft team and its vast user community to bring to market a truly transformative collaboration that will drive best practices and raise the bar in terms of a one-stop solution. Our full end-to-end product not only meets regulatory demands but allows clients to achieve new levels of automation and efficiency to meet their complex workflow needs in a truly cost-effective way.