Acadia’s Settlement Manager Named Best New Technology in the American Financial Technology Awards
Settlement Manager Distinguished Among New Products and Solutions Introduced in the Past 12 Months
Norwell, MA, December 1, 2023--- Acadia, a leading industry provider of integrated risk management services for the derivatives community, is pleased to announce that Settlement Manager has been selected as Best New Technology Introduced Over the Last 12 Months – Trading, Risk & Compliance, at the American Financial Technology Awards.
Settlement Manager was selected from a distinguished range of banks, brokers, asset managers and vendors for its excellence in deployment of financial technology within investment banking and asset management.
Acadia developed Settlement Manager in 2023, at the request of clients that were losing a well-known central settlement service and needed a replacement capability that enables global banks, asset managers, and hedge funds to immediately settle agreed margin calls, while easily connecting to and sharing information with multiple counterparties (including Standard Settlement Instructions and settlement status). The platform enables settlement messaging for market settlements of cash or securities as well as settlements under tri-party or third-party segregation models. Settlement Manager integrates with the world’s leading custodians and tri-party agents through LSEG’s SWIFT gateway in order to bring a modern fintech settlement solution to the market at a market infrastructure grade of operational resilience.
Will Thomey, Co-Head of Business Development said, “It is a tremendous honor to be selected by the American Financial Technology Awards. As the industry moves towards further automation, we saw it as our responsibility to work with our clients and develop an innovative solution which fundamentally improves the settlement lifecycle while leveraging trusted market infrastructure”.
The American Financial Technology Awards are presented by Waters Technology to recognize the technologies and companies having an outsized impact on the changing landscape of trading, data management, risk management and other areas of rapid innovation within financial markets. The full list of winners can be found here.
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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 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.
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
Ed Shelley
Lansons (London)
+44 7825 427 522
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