Capitolis, AcadiaSoft In Link Up
Posted by Colin Lambert. Last updated: March 18, 2021
Capital markets resources optimisation provider Capitolis has announced a partnership with risk and collateral management services provider AcadiaSoft to allow financial institutions to eliminate large and unnecessary positions and find the most suitable party to hold the remaining positions.
The firms say the new offering will enable firms to more efficiently allocate their capital – as required by the evolving regulatory landscape – and has the potential to materially impact returns on capital, market liquidity, and access to markets. The impact of upcoming regulations like SA-CCR (Standard Approach to Counterparty Credit Risk) will have a major effect on the capitalisation of financial institutions, they add.
“We are thrilled to partner with AcadiaSoft to create an industrywide solution for capital optimization, during an inflection point for collaboration among financial institutions,” says Gil Mandelzis, CEO and founder of Capitolis. “AcadiaSoft’s status as a leader in risk management solutions and its suite of analytics services makes the firm an ideal partner for us in our mission to make the marketplace fairer, safer and healthier for all participants.”
Chris Walsh, CEO of AcadiaSoft, adds, “Capitolis is reimagining how the capital markets operate. We have been working with their innovative team for a while and are excited to collaborate with a company that shares our vision for enhancing market efficiency and capital consumption for the market in a rapidly changing operating environment.”