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Additional collaboration with LCH SwapAgent aims to further streamline margin calculations 
in the non-cleared derivatives market.

Norwell, MA, June 27, 2018 – AcadiaSoft Inc., the leading industry provider of margin automation
solutions for counterparties engaged in collateral management worldwide, today announced that
London Stock Exchange Group (LSEG) has taken a minority stake in the company. Along with this
investment, AcadiaSoft has signed a preliminary agreement that will enable further collaboration with
LCH SwapAgent on the development of new products to automate and standardize the margin process
for non-cleared derivatives. AcadiaSoft and LCH SwapAgent will work together to provide global
derivatives market participants with a seamless operational process for margin calculation.

“This investment by London Stock Exchange Group is a significant building block to a fully automated
post-trade process for OTC derivatives and is a testament to the continued strong industry support for
AcadiaSoft,” said AcadiaSoft CEO Chris Walsh. “By integrating LCH SwapAgent with the AcadiaSoft Hub,
we can significantly reduce disputes in uncleared markets and create the path to a single, standard
cross-market margin process. LCH’s addition to our existing board structure will further strengthen our
collaborative approach.”

LCH SwapAgent provides market participants with a number of solutions designed to materially improve
standardization, efficiency and simplicity in the non-cleared derivatives market. Trades managed by LCH
SwapAgent remain fully bilateral but follow a similar operational process as cleared trades, including
centralized trade processing, valuation, margining, risk calculation and optimization services. The
integration of LCH SwapAgent’s independently-calculated collateral requirements with the Hub will
move AcadiaSoft deeply into the collateral business.

AcadiaSoft is owned by 13 banks and three major industry infrastructure providers that are all working
together towards meeting the automation goals of the industry: NEX Group, The Depository Trust &
Clearing Corporation (DTCC)-Euroclear, and now LSEG. Global bank investors include BofA Merrill Lynch,
Barclays, BNP Paribas, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, J.P. Morgan, Morgan
Stanley, Societe Generale, State Street and UBS.

“The acquisition of a stake in AcadiaSoft underlines our strategy to expand further into the non-cleared
space, an area in which AcadiaSoft has considerable experience,” said LCH Group CEO and LSEG
Executive Committee Member, Daniel Maguire. “The non-cleared margin rules continue to impact the
dealer and buy-side community, and it is crucial that integrated services are available to support market
participants in reducing risk while maximizing their capital and operational efficiencies. LCH SwapAgent
brings our expertise in managing risk and increasing operational resilience to the bilateral market and
we are delighted to be collaborating with AcadiaSoft to foster further innovation in this market.”

“This is a development of enormous significance, given the unrelenting pressure firms feel around fee
reductions, changing regulations, and new, rapidly-evolving technologies,” said Howard Edelstein,
Chairman of AcadiaSoft. “Collaboration among banks, market infrastructure providers and RegTech
companies like AcadiaSoft is the future of the financial services industry.”

LCH SwapAgent will be integrated into the AcadiaSoft Hub with a single interface, dashboard and point
of control. Users will be able to leverage their existing messaging processes and technology. AcadiaSoft
plans to help extend the use of SwapAgent across the broader market, including buy-side firms. This will
serve to expand LCH’s role in bilateral uncleared derivatives, as well as to reduce risk and increase
operational efficiency across the industry.


About AcadiaSoft, Inc.
AcadiaSoft, Inc. is the leading industry provider of risk and collateral management services for
the non-cleared derivatives community. The AcadiaSoft Hub encompasses a suite of
applications and analytics that enable and measure the complete STP workflow from CSA
agreement management, risk services, margin and collateral management through to
settlement. Backed by 17 major industry participants and market infrastructures, AcadiaSoft is
used by a community of more than 650 firms exchanging approximately $400B of collateral on
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 acadiasoft.com.

Press Contacts:

Eleis Brennan
+1 212-754-5610

Laura Craft
+44 20 3954 0196