Acadia Unveils New Solution for Automated Trade Settlements

<p>Acadia has launched a new solution to enhance
settlement efficiency and reduce process failures. The London Stock
Exchange-owned firm said the new service, dubbed Settlement Manager, would streamline the messaging required for regular market settlements, whether cash or
equities.</p><p>Additionally, Settlement Manager would enable counterparties to benefit from Shared Standing
Settlements Instructions (SSIs) and the shared real-time <a href="https://www.financemagnates.com/terms/s/settlement/">settlement</a> status.
According to the company's statement, that would enable workflow and
eliminate operational complexity.</p><p>Settlement Efficiency</p><p>Commenting on the
launch, Will Thomey, the Co-Head of Business Development at Acadia, said:
"Through industry collaboration, we have developed Settlement Manager to
enable a more streamlined workflow. By leveraging Acadia's Margin Manager
Service, firms can settle pre-agreed transactions within the same shared
infrastructure. This shortens the distance between agreeing to transfer
collateral and actually making it happen." </p><p>With Settlement Manager,
Acadia hopes that the 3,000+ companies using its Margin Manager to
manage margin calls would use Settlement Manager to settle transactions.
According to the post-trade firm, Settlement Manager offers a community
approach to settlements by sharing the status simultaneously with each party
in <a href="https://www.financemagnates.com/terms/m/margin-requirements/" target="_blank" rel="follow">margin requirements</a>.</p><p>Additionally, the other
benefits traders would reportedly get from the central service include the
elimination of fragmented workflows and a centralized mechanism to store
settlement instructions. There is also the advantage of a near real-time
confirmation settlement, the company said.</p><p>The announcement said that Acadia's Settlement Manager is a joint initiative between the
company and the <a href="https://www.financemagnates.com/tag/lseg/">London
Stock Exchange (LSEG)</a>. It allows the service to benefit from LSEG SWIFT gateway, a
solution that automates middle and back office processes for mainstream
massaging and efficiency.</p><p>LSEG Acquired Acadia </p><p><a href="https://directory.financemagnates.com/forex-websites/finance-magnates/">Finance Magnates</a>
reported last year that the London Stock Exchange (LSEG), which had a
minority stake in Acadia since 2018, had decided <a href="https://www.financemagnates.com/fintech/lseg-agrees-to-buy-acadia-to-boost-post-trade-offering/" target="_blank">to
buy out</a> the risk and
collateral management company. The acquisition aimed to boost <a href="https://www.financemagnates.com/terms/m/multi-asset/">multi-asset</a>
post-trade offerings, LSEG explained.</p><p>According
to the information on the company's website, Acadia has a community of more
than 3,000 companies, comprising banks and firms in the derivatives sector.
Additionally, the company claims to exchange more than $1 trillion of
collateral daily through its margin automation service.

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This article was written by Jared Kirui at www.financemagnates.com.