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Partnership will connect risk sensitivity generation and reconciliation

Norwell, MA, June 30, 2020 – AcadiaSoft Inc., the leading industry provider of risk and collateral management services for the non-cleared derivatives community, today announced a partnership with derivatives analytics firm OpenGamma to simplify the workflow for compliance of Phases 5 and 6 of the Uncleared Margin Rules (UMR). The partnership will integrate AcadiaSoft’s initial margin calculation and reconciliation service with OpenGamma’s risk sensitivities generation service, both critical steps in the workflow for UMR compliance.

“As we continue to work across the industry to make UMR compliance less burdensome for Phase 5 and 6 clients, this partnership with OpenGamma is a natural fit,” AcadiaSoft Chief Product Officer Fred Dassori said. “Bringing OpenGamma into the AcadiaSoft network will enable our common clients to meet the requirements of the new rules efficiently and seamlessly.”

Clients using OpenGamma’s risk sensitivities service will benefit from automated feeds of their input files in the Common Risk Interchange Format (CRIF), the ISDA SIMM standard format for risk sensitivities, to AcadiaSoft’s IM Exposure Manager (IMEM) for daily reconciliation against counterparties also subject to UMR. IMEM is the industry standard for calculation and reconciliation of regulatory initial margin and is used by all in-scope firms in Phases 1-4.

“We are pleased to be joining forces with AcadiaSoft in our quest to make complex UMR regulatory compliance as easy and cost-effective as possible,” said OpenGamma CEO Peter Rippon. “Bringing together our established services for this common purpose has been well-received by clients and is a testament to our mutual commitment to support industry initiatives designed to integrate proven, best-in-class service providers.”

About AcadiaSoft
AcadiaSoft, Inc. is the leading industry provider of risk and collateral management services for the non-cleared derivatives community. AcadiaPlus is a new generation open platform that provides the sell-side, the buy-side and fund administrators with specialist applications and a third-party partner ecosystem for the straight-through processing of the entire risk mitigation lifecycle. Backed by 16 major industry participants and market infrastructures, AcadiaSoft is used by a community of more than 1350 firms exchanging approximately $700B of collateral on a daily basis via its margin automation services. AcadiaSoft is headquartered in Norwell, MA, and has offices in London, New York and Tokyo. For more information, visit Follow us on Twitter and LinkedIn.

About OpenGamma
OpenGamma is a derivatives analytics firm with unparalleled expertise across bilateral OTC and cleared margin methodologies, backed by CME, JSCC, Accel and Dawn. Today, they are trusted by the largest and most sophisticated global banks and fund managers who depend on their pre and post trade margin analytics to drive trading and treasury costs down. OpenGamma’s quantitative depth and extensive asset class coverage enables users to dynamically manage their funding, liquidity and optimisation requirements across bilateral, SIMM and cleared derivatives portfolios.


Laura Craft
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Eleis Brennan