Acadia’s Settlement Manager Distinguished as Best New Product and Service in WatersTechnology’s Asia Awards
Norwell, MA, June 20, 2024--- Acadia, a leading industry provider of integrated risk management services for the derivatives community, is proud to announce that Settlement Manager has been recognized the Best New Product/Service Introduced over the Last 12 Months by the 2024 Waters Technology Asia Awards.
Settlement Manager was honoured for its innovation among technology and data vendors or service providers for its work, allowing global banks, asset managers, and hedge funds to validate, settle, and monitor agreed margin calls, while easily connecting to and sharing information with multiple counterparties.
In response to client demand, Acadia introduced Settlement Manager in 2023. The service filled a void for an industry-standard central settlement service, which modernizes an under automated segment of the post-trade process, allowing firms to immediately execute settlements after agreeing to transfer collateral. It additionally connects leading global custodians and tri-party agents through LSEG’s SWIFT gateway, enabling a modern solution for industry participants at a market infrastructure grade of operational resilience.
Scott Fitzpatrick, Head of Acadia said, “We greatly appreciate the acclaim from Waters Technology’s Asia Awards. In collaborating with our clients, we have been able to automate and address much needed improvements to over-the-counter derivatives. At a time when most of our industry is focusing on the transition to T+1, Settlement Manager is bringing immediate execution of settlements, enabling a reliable T+0 experience, making the process smoother, improving collateral mobility and reducing settlement fails.”
The Waters Technology Asia Awards recognize excellence in the deployment and management of financial information and technology within Asia's capital market community. A full list of award winners can be found here.
###
ABOUT ACADIA
Acadia is a 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 lifecycle. Through an open-access model, Acadia brings together a network of banks and other derivatives participants, along with several market infrastructures and innovative vendors.
Acadia is used by a community of over 3,000 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.
Acadia is an LSEG Business within the Post Trade division. For more information, visit acadia.inc. Follow us on X and LinkedIn
Media Contacts:
Laura Craft
Head of Marketing & Corporate Communications, Acadia
+44 (0)1727 324 5513
or
Rakin Sayed
Lansons (London)
+44 207 294 3638
Share this
