Partnership Allows KIS Pricing to Resell Acadia Suite of UMR Solutions
Tokyo, January 12, 2022 -- Acadia, the leading industry provider of integrated risk management services for the derivatives community, today announced an expanded partnership with Korean bond pricing company KIS Pricing, with the reseller agreement giving Korean clients access to Acacia’s suite of UMR services including the IM Exposure Manager and Margin Manager.
The updated agreement further cements Acadia’s presence in the Asia Pacific (APAC) region, with its suite of services already being used by more than 60 firms across the region including Japan, Australia, Taiwan and many other countries. Through the collaboration with KIS Pricing, Acadia will have the opportunity to expand their service to the Korean market. This includes approximately 50 firms who are in scope for Phase 6 of UMR, with half of those being local firms that could benefit greatly from access to Acadia’s industry leading UMR services to assist with monitoring, reconciling and exchanging initial margin.
“Our partnership with KIS Pricing is part of our push to make our products and solutions more readily available and accessible to the APAC region,” said Takashi Nagai, APAC Head of Business Development for Acadia.“KIS Pricing possesses deep regional market knowledge. They will also provide Korean clients with customer onboarding and client services in local language,which will be a massive benefit as we help these firms navigate the upcoming Phase 6 of UMR.”
Song Young-jun, Head of KIS Pricing Financial Consulting Group, added, “As the Phase 6 deadline approaches in 2022, we are proud to continue the partnership with Acadia. We believe it will enable our clients in the region to have access to best-in-class solutions for managing IM exposure and automating the margin call process, allowing for seamless UMR compliance.”
Acadia is the leading industry provider of integrated risk management services for the derivatives community. Its central industry standard platform enables a network of banks and other derivatives firms to improve efficiency and mitigate costs across the entire trade life cycle.
Acadia’s suite of analytics solutions and services helps firms manage risk better, smarter and faster. Through an open-access model, Acadia brings together the top derivatives banks and asset managers, along with several market infrastructures and innovative vendors.
Backed by 16 major industry participants and market infrastructures, Acadia is used by a community of over 1600 firms exchanging more than $1 trillion of collateral on daily basis via its margin automation services. Acadia is headquartered in Norwell, MA and has offices in Boston, Dublin, Düsseldorf, London, New York, and Tokyo. Acadia® is a registered trademark of AcadiaSoft, Inc. For more information, visit acadia.inc. Follow us on Twitter and LinkedIn.
About KIS Pricing
As Moody’s Corporation Korean Affiliate, KIS Pricing provides bond-related index information as well as bond/derivative/alternative investment product valuation services to major financial institutions such as banks, insurance companies, asset management companies, and securities companies.
KIS Pricing successfully evaluates the most product categories within Korea using its best valuation model and optimal method for each individual category. It also provides system development and consulting services to respond to the ever-changing financial regulations. Recently Moody requests KIS Pricing active cooperation in credit ratings and financial data services as well.
KIS Pricing is ranked as 2nd in the relevant industry when it comes to revenue/ operating profit; the bond valuation business is a license business that requires a valid registration from the Financial Services Commission. KIS Pricing recorded operating margins of 20% or above for 14 consecutive years and is continuing to maintain a sound financial structure as zero borrowing based on stable cash flow.
Please visit our website for more information on our services - eng.bond.co.kr
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