IMRG Recognized for Second Consecutive Year for Technology and Innovation Helping Clients Generate Risk Sensitivities
Norwell, MA, May 24, 2023-- Acadia, the leading industry provider for integrated risk management services for the derivatives community, is pleased to announce its Initial Margin (IM)Risk Generator Service (IMRG) has been selected as the Best Compliance Solution at the 2023 FTF News Technology Innovation Awards. IMRG was the winner for this same award in 2022.
IMRG was selected from a large group of solutions because it delivers an exceptional service designed to help meet a critical compliance need. Acadia was recognized for its product leadership and for demonstrating an ability to continually improve and expand its service to meet clients’ needs.
Chris Walsh, Acadia CEO, said:
“It is an honor to be selected for a second consecutive year. We pride ourselves on our deep industry knowledge and expertise, and the ability to manifest that in products like IM Risk Generator and across our entire Risk Product Suite. I would also like to thank our clients for voting for us and having the continued confidence in Acadia to deliver products that fill a critical business need.”
IMRG is designed to cost effectively eliminate the need for users to calculate risk sensitivities or generate the Common Risk Interchange Format (CRIF) file themselves. Over half of all in-scope firms utilize IMRG to calculate over 40 million trade sensitivities on an annual basis. As part of a holistic suite of industry wide utilities, through its integration with Initial Margin Exposure Manager (IMEM), the IMRG service facilitates a seamless workflow enabling a user to perform only one simple step– submitting position details – that drives the calculation of initial margin requirements and culminates in collateral transfer.
Over the past year, to better service the clients utilizing IMRG to further reduce firms IM exposure costs, Acadia added a new index decomposition functionality to assist users in decomposing index trades to benefit from up to a 50% reduction in initial margin for some portfolios.
The FTF News Technology Innovation Awards annually celebrates and recognizes the financial technology vendors, service providers, industry bodies, regulators and professionals that have made significant strides and noteworthy achievements in operational excellence. View the full list of winners here.
Acadia is a leading industry provider of integrated risk management services for the derivatives community. Our risk, margin and collateral tools enable a holistic risk management strategy on a real-time basis within a centralized industry standard platform.
Acadia’s comprehensive suite of analytics solutions and services helps firms manage risk better, smarter, and faster, while optimizing resources across the entire trade life cycle. Through an open-access model, Acadia brings together a network of banks and other derivatives participants, along with several market infrastructures and innovative vendors.
Acadia is used by a community of over 3,000 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, Dusseldorf, London, New York, Manila, and Tokyo. Acadia® is a registered trademark of AcadiaSoft, Inc.
Head of Marketing & Corporate Communications, Acadia
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Lansons (New York)
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