The London Stock Exchange Group (LSEG) has announced its upcoming acquisition of global derivatives service provider Acadia, in the continued expansion of its multi-asset post trade offering.
Following Acadia’s integration into LSEG’s post trade division, the company’s CEO, Chris Walsh will report to Daniel Maguire, global head of post trade at LSEG.
Barclays is the sole financial advisor to LSEG in relation to the transaction, with Broadhaven performing this role for Acadia.
Acadia provides risk management, margining and collateral services for the uncleared derivatives markets, including automated processing and integrated risk and optimisation services.
LSEG has held a minority stake in the company and driven its growth since 2018.
Walsh says: “This transaction is a significant milestone for our business. [LSEG has] a strong track record serving the derivatives marketplace, and combining this with Acadia’s expertise in risk mitigation, margining and collateral will result in exciting opportunities for our clients to optimise their post-trade operations more efficiently.”
Maguire comments: “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. I look forward to working with Chris and the team at Acadia to continue to innovate and drive efficiencies across the derivatives landscape.”
