Acadia, a provider of integrated risk management services for the derivatives community, has nboarded over 1,000 counterparty groups covered by Phase 6 of the Initial Margin (IM) rollout of Uncleared Margin Rules (UMR) onto its AcadiaPlus platform.
Nearly 900 firms are actively monitoring their regulatory IM exposure and set up for Acadia’s IM Threshold Monitor (IMTM). Over 200 firms have signed up for IM Exposure Manager (IMEM) for the calculation and reconciliation of IM exposure, leveraging either the ISDA SIMM or schedule method. Acadia expects these firms will go live over the next 90 days, with over 50 of these firms moving margin since 1st September go live.
Of these firms, over 100 are leveraging Acadia’s IM Risk Generator service for the calculation of their risk sensitivities to create the Common Risk Interchange Format (CRIF) that forms the input to firm’s initial margin calculation.
