AcadiaSoft partners with Cassini on initial margin
15 April 2020 New York
Image: Shutterstock
AcadiaSoft has entered into a new initial margin (IM) partnership with Cassini Systems, a provider of pre- and post-trade margin analytics for derivatives market participants.
Under the agreement, Cassini clients will have automated access to AcadiaSoft's reconciliation platform, Initial Margin Exposure Manager (IMEM), a reconciliation and dispute management platform for uncleared IM.
AcadiaSoft's head of strategic development, Fred Dassori, explained that the partnership with Cassini Systems reduces the burden of IM management on their mutual clients.
“By offering more options, we're giving Cassini users the ability to leverage the AcadiaPlus platform across the straight-through processing lifecycle, providing a one-stop-shop for IM requirements,” Dassori said.
Cassini clients will be able to use the firm’s pre-trade analytics to make key decisions on how best to execute a transaction, as well as forecast and optimise their portfolios.
Additionally, clients will be able to send Cassini-generated Common Risk Interchange Format end-of-day files to IMEM for reconciliation on the AcadiaPlus platform.
Cassini Systems CEO and founder Liam Huxley said: "In these times of extreme market volatility and enormous margin swings, it's particularly vital for market participants to not only ensure they meet the challenges of Uncleared Margin Rules (UMR) but also understand and manage the true cost of every transaction, from the pre-trade stage all the way to post-trade operations.”
“By providing an integrated Cassini-to-AcadiaSoft workflow, our mutual clients can benefit from front-to-back margin optimisation and operational automation.”
Asset managers, pension funds and insurance companies are scheduled to start posting IM for non-centrally cleared derivatives under UMR based on their volume thresholds either with phase five on the newly extended deadlines of 1 September 2021 or phase six on 1 September 2022.
Under the agreement, Cassini clients will have automated access to AcadiaSoft's reconciliation platform, Initial Margin Exposure Manager (IMEM), a reconciliation and dispute management platform for uncleared IM.
AcadiaSoft's head of strategic development, Fred Dassori, explained that the partnership with Cassini Systems reduces the burden of IM management on their mutual clients.
“By offering more options, we're giving Cassini users the ability to leverage the AcadiaPlus platform across the straight-through processing lifecycle, providing a one-stop-shop for IM requirements,” Dassori said.
Cassini clients will be able to use the firm’s pre-trade analytics to make key decisions on how best to execute a transaction, as well as forecast and optimise their portfolios.
Additionally, clients will be able to send Cassini-generated Common Risk Interchange Format end-of-day files to IMEM for reconciliation on the AcadiaPlus platform.
Cassini Systems CEO and founder Liam Huxley said: "In these times of extreme market volatility and enormous margin swings, it's particularly vital for market participants to not only ensure they meet the challenges of Uncleared Margin Rules (UMR) but also understand and manage the true cost of every transaction, from the pre-trade stage all the way to post-trade operations.”
“By providing an integrated Cassini-to-AcadiaSoft workflow, our mutual clients can benefit from front-to-back margin optimisation and operational automation.”
Asset managers, pension funds and insurance companies are scheduled to start posting IM for non-centrally cleared derivatives under UMR based on their volume thresholds either with phase five on the newly extended deadlines of 1 September 2021 or phase six on 1 September 2022.
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