Acadia Launches Data Exploration, Standardizing Industrywide Reporting and Analytics
New service improves client margining processes by providing the industry-standard measurements required for quantifiable process improvement
Norwell, MA, December06, 2022--- Acadia, the leading industry provider for integrated risk management services for the derivatives community, announced today the launch of Data Exploration (DX) suite, a one-of-its-kind data analytics platform in the industry, offering accurate, real-time data for collateral, margin and risk mitigation serving, Sell-side, Buy-side and Fund Administrators.
DX is a powerful data-driven platform built to allow users to access timely data across their end-to-end process such as volume breakdowns by date, organizational and agreement details, pledged collateral trends and breakdowns, as well as dispute monitoring. The platform also enables users to access industry comparisons and peer group benchmarking analysis to understand their position in the market.
“Data is fundamental to the way our world works; more and more firms are finding the sheer volume of data an industry wide challenge. Data at this volume can become disparate, needlessly duplicated and ultimately overwhelming. We have designed DX to extract meaning from the masses of data and centralize the information as a single data layer,” said Stuart Smith, Co-Head of Business Development at Acadia. “We hope that through the DX service, users are not just getting much needed clarity, but valuable operational and risk insights through features such as our comparative reporting and benchmarking tools.”
DX is available within the Acadia Plus platform through Standard and Premium Dashboards. Within each of the dashboards, DX will provide clients ways to identify operational inefficiencies and heighten client margining processes by producing industry-standard measurements required for quantifiable process improvement. DX gives firms the ability to make peer-to-peer comparisons, view its market positioning, and pinpoint industry wide trends.
Acadia was recently asked by the Basel Committee on Banking Supervision (BCBS), the Bank for International Settlements’ Committee on Payments and Market Infrastructures(CPMI) and the International Organization of Securities Commissions (IOSCO) to leverage its DX service to provide an overview of the bi-lateral OTC derivative market for the Regulators’ recent review of industry margin practices. The recent BCBS-CPMI-IOSCO report, with its integrated DX data from Acadia, provided additional context for the industry wide Financial Stability Board’s work program to enhance the resilience of the non-bank financial intermediation sector.
For Acadia clients, DX also supports customized reports delivered in a variety of formats such PDF, Excel, and CSV formats and delivered via email and/or SFTP.
“We are proud to offer our users the first and one-of-its-kind data platform that provides rich insight enabling them to increase operational efficiencies and scale their business. This level of accessibility will have such a meaningful impact on how firms approach everyday processes and longer-term planning. When the data you need is presented in a way that suits you, there are less obstacles to achieving best practice.” added Chris Walsh, CEO of Acadia.
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ABOUT ACADIA
Acadia is the leading industry provider of integrated risk management services for the derivatives community. Our risk, margin and collateral tools enable a holistic risk management strategy on a real-time basis within a centralized industry standard platform.
Acadia’s comprehensive suite of analytics solutions and services helps firms manage risk better, smarter, and faster, while optimizing resources across the entire trade life cycle. Through an open-access model, Acadia brings together a network of banks and other derivatives participants, along with several market infrastructures and innovative vendors.
Backed by 16 major industry participants and market infrastructures, Acadia is used by a community of over 2000 firms exchanging more than $1 trillion of collateral on daily basis via its margin automation services. Acadia is headquartered in Norwell, MA and has offices in Boston, Dublin, Dusseldorf, London, New York, Manila, and Tokyo. Acadia® is a registered trademark of AcadiaSoft, Inc. For more information, visit acadia.inc. Follow us on Twitter and LinkedIn.
Acadia® is a registered trademark of AcadiaSoft, Inc.
Media Contacts:
Laura Craft
Head of Marketing & Corporate Communications, Acadia
+44 (0)1727 324 5513
or
Brendan Terry
Lansons (New York)
+1 (212) 754 5467
Santi Dharmawan
Lansons (London)
+44 20 7294 3647
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