Acadia To Be Acquired By LSEG

London Stock Exchange Group will buy Acadia, which offers automated margin processing and integrated risk services for uncleared derivatives.

Acadia was set up in 2009, and it helps global financial institutions in the uncleared derivatives markets with risk management, margining, and collateral. Acadia’s risk and margining products cover all asset classes for OTC derivatives and connect directly to more than 2,000 market participants. Every day, the company makes it possible to trade over $1 trillion in collateral.

Since 2018, LSEG has had a minority stake in Acadia. It says that a full-scale takeover will strengthen its position in the post-trade space and as a provider of systemically essential financial market infrastructure to its clients.

Daniel Maguire, group head, post-trade, LSEG & CEO, LCH Group, says: “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. 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.”

The deal needs to be approved by the government. Information about money has yet to be given.