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Joint effort announced for OTC swaps margin utility 

July 14, 2015


Thirteen major global banks, ICAP, and market infrastructures, Depository Trust & Clearing Corporation (DTCC) and Euroclear, have joined forces with AcadiaSoft to solve a vexing industry problem involving margin flows.

Four leading global banks, as well as ICAP, DTCC and Euroclear are making investments in AcadiaSoft, bringing the total bank investors in the company to 13.

In turn, AcadiaSoft will link its industry-leading MarginSphere electronic messaging service for OTC derivatives with ICAP TriOptima's triResolve OTC trade reconciliation service and the Margin Transit Utility (MTU) to be operated by the DTCC-Euroclear GlobalCollateral joint venture. The links create an open, seamless, end-to-end margin processing hub for non-cleared derivatives.

Read More: AutomatedTrader

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