back Back

LSEG to acquire Acadia for improved Post Trade offering

By Gloria Methri

December 20, 2022

  • Acadia
  • Asset Trading
  • Derivatives Marketplace
Share

Acadia, London Stock Exchange Group, LSEG, derivatives market, multi-asset Post Trade, UKLondon Stock Exchange Group plc (LSEG) has agreed to acquire Acadia, the risk management provider for the derivatives community. The acquisition is in line with LSEG’s strategy to enhance its multi-asset Post Trade offering for the uncleared derivatives space.

Acadia was established in 2009 and provides risk management, margining, and collateral services to global financial institutions for the uncleared derivatives markets. Its products span all OTC derivative asset classes and provide direct connectivity to over 2,000 market participants. The company enables over $1 trillion in collateral exchanges daily.

LSEG has held a minority stake in Acadia since 2018 and has supported the business in driving substantial growth in recent years. The acquisition will further strengthen LSEG’s provision of financial market infrastructure to its customers. Following completion, Acadia will be part of LSEG’s Post Trade division, with CEO, Chris Walsh reporting to Daniel Maguire, Group Head of Post Trade, LSEG.

Daniel Maguire, Group Head, Post Trade, LSEG & CEO, LCH Group said: “The acquisition of Acadia is part of LSEG’s strategy to enhance and grow our multi-asset Post Trade offering for the uncleared derivatives space. Our customers are looking for more ways to optimise their financial resources, and Acadia’s services enable significant efficiencies in risk management, margining, and collateral.”

Chris Walsh, CEO of Acadia added: “This transaction is a significant milestone for our business, and we are delighted to be joining LSEG. They have a strong track record serving the derivatives marketplace and combining this with Acadia’s expertise in risk mitigation, margining and collateral will result in exciting opportunities for our clients to optimise their post-trade operations more efficiently.”

Barclays is acting as the sole financial adviser to LSEG while Broadhaven is acting as the sole financial adviser to Acadia in relation to the transaction.

Previous Article

December 20, 2022

Green Dot and Wealthfront extend partnership to simplify savings and help build wealth

Read More
Next Article

December 20, 2022

Moneyhub secures £15m from Standard Life parent to hit £55m funding

Read More






IBSi Daily News Analysis

cloud,

July 19, 2024

Acadia

SMEs leverage cloud to gain competitive edge, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

July 19, 2024

Airwallex obtains AFSL for expansion into retail investment offering

Read More

July 19, 2024

FIS launches new Trade Matching Solution in the UK

Read More

July 18, 2024

Validus Fintech bags seed funding from AUM Ventures

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024