Acadia Launches Settlement Manager to Improve Settlement Efficiency

Acadia, a leading provider of automated uncleared margin processing and integrated risk and optimization services for the global derivatives community, which has been acquired by LSEG​ in last December, announced that it has launched Settlement Manager, an industrywide central service created to improve settlement efficiency and reduce settlement fails.

The initial focus of Settlement Manager is on addressing key industry needs: facilitating messaging required for regular market settlements (whether cash or securities) as well as tri-party and third-party segregation. Moreover, within the Acadia platform, it introduces the ability for counterparties to harness the benefits of shared Standing Settlement Instructions (SSI's) and shared real-time settlement status. This enables a workflow with the potential to streamline operations, reduce complexity, and increase automation throughout the industry.

Will Thomey, Co-head Business Development at Acadia, commented: "Through industry collaboration, we have developed Settlement Manager to enable a more streamlined workflow. By leveraging Acadia's widely used Margin Manager service, firms can settle their pre-agreed transactions within the same shared infrastructure. This shortens the distance between agreeing to transfer collateral and actually making it happen."