Cassini Systems, the leading provider of pre- and post-trade margin analytics for derivatives market participants, announced today a new initial margin (IM) partnership with AcadiaSoft Inc., the leading industry provider of risk and collateral management services for the non-cleared derivatives community. Under the agreement, Cassini clients now have automated access to AcadiaSoft’s reconciliation platform, Initial Margin Exposure Manager (IMEM), creating a one-stop shop for IM requirements across cleared and bilateral over-the-counter (OTC) and exchange-traded derivatives transactions.
The partnership will enable Cassini clients to use the firm’s pre-trade analytics to make key decisions on how best to execute a transaction, as well as forecast and optimize their portfolios. Then, on a fully automated basis, the clients can send Cassini-generated CRIF (Common Risk Interchange Format) end-of-day files to IMEM for reconciliation on the AcadiaPlus platform. IMEM is the leading reconciliation and dispute management platform for uncleared Initial Margin.
Cassini Systems CEO & Founder Liam Huxley said: “In these times of extreme market volatility and enormous margin swings, it’s particularly vital for market participants to not only ensure they meet the challenges of Uncleared Margin Rules but also understand and manage the true cost of every transaction, from the pre-trade stage all the way to post-trade operations. By providing an integrated Cassini-to-AcadiaSoft workflow, our mutual clients can benefit from front-to-back margin optimization and operational automation.
Fred Dassori, AcadiaSoft’s Head of Strategic Development, said: “Our partnership with Cassini Systems reduces the burden of IM management on our mutual clients. By offering more options, we’re giving Cassini users the ability to leverage the AcadiaPlus platform across the straight-through processing lifecycle, providing a one-stop shop for IM requirements.”