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AcadiaSoft acquires DTCC's ProtoColl collateral management service

First Published 21st November 2016

Purchase creates central margining platform for OTC derivatives to meet new regulatory requirements.

Chris Walsh, AcadiaSoft

Chris Walsh, AcadiaSoft

Norwell, MA - AcadiaSoft, the provider of margin automation solutions for counterparties engaged in collateral exchange, has acquired ProtoColl, an end-to-end collateral and margin management service, from The Depository Trust & Clearing Corporation (DTCC). Terms of the deal were not disclosed.

In March 2017 some buy-side firms and smaller banks will become subject to new variation margin (VM) rules for non-cleared OTC derivatives that went into effect September 1 for the largest global banks, all 24 of which are using the AcadiaSoft Hub in order to comply.

Chris Walsh, CEO of AcadiaSoft said: "The combination of AcadiaSoft and Protocoll creates an end-to-end risk management solution that is a major step toward the industry's goal of automating the entire margining process on a single platform."

Mark Demo, Product Director for AcadiaSoft said: "Small to mid-sized firms now have the basic margin functionality required to automate; large banks get the long-term platform required to substantially reduce costs; and firms of all types and sizes can reduce disputes to manageable levels using standardized data, calculation methods and workflows."