LSEG Acquires Acadia
Posted by Colin Lambert. Last updated: December 20, 2022
LSEG is still on the acquisition path, announcing a deal for margin technology provider Acadia, as it seeks to further build out its post-trade services. Terms of the deal were not disclosed.
Acadia was established in 2009 and provides risk management, margining and collateral services in OTC derivatives, which LSEG says enables over $1 trillion in collateral exchanges daily. LSEG has held a minority stake in Acadia since 2018. Following completion, Acadia will be part of LSEG’s post-trade division, with CEO, Chris Walsh reporting to Daniel Maguire, group head of post trade, LSEG.
“The acquisition of Acadia is part of LSEG’s strategy to enhance and grow our multi-asset post trade offering for the uncleared derivatives space,” says Maguire. “Our customers are looking for more ways to optimise their financial resources, and Acadia’s services enable significant efficiencies in risk management, margining and collateral.”
Walsh adds, “[LSEG has] a strong track record serving the derivatives marketplace and combining this with Acadia’s expertise in risk mitigation, margining and collateral will result in exciting opportunities for our clients to optimise their post trade operations more efficiently.”