The London Stock Exchange Group (LSEG) is to acquire Acadia, for an undisclosed amount.
The company provides risk management, margining and collateral services to global financial institutions for the uncleared derivatives markets.
Acadia’s risk and margining products span all OTC derivative asset classes and provide direct connectivity to over 2,000 market participants. The company enables over $1 trillion in collateral exchanges daily.
LSEG, which has held a minority stake in Acadia since 2018, says a full-scale takeover will strengthen its position in the post-trade space and as a provider of systemically important 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.”
Chris Walsh, CEO, Acadia said: “This transaction is a significant milestone for our business. They have 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.”
The transaction is subject to regulatory approval.
