AcadiaSoft signs new agreement with Calypso for use of UMR solution
10 July 2020 San Francisco
Image: Jirsak/Shutterstock.com
Calypso Technology and AcadiaSoft have signed a new agreement to provide an interface to its Initial Margin Exposure Manager (IMEM), within the Calypso Uncleared Margin Rules (UMR) solution.
IMEM is an end-to-end initial margin (IM) reconciliation and calculation service that aims to bring firms into compliance with the new regulatory requirement to collect and post IM held in a segregated account.
The partnership will give phase five and six firms that are Calypso clients direct access to IMEM, providing an end-to-end solution for UMR compliance that minimises cost and reduces operational risk, says AcadiaSoft.
Calypso, a provider of cross-asset front-to-back technology solutions for financial markets, offers clients margin solutions for cleared and uncleared trades.
The firm has been providing margin solutions to clients since 2010, when the company started working with leading central counterparties (CCPs) on their over-the-counter (OTC) clearing offering.
With the addition of this interface to AcadiaSoft鈥檚 IMEM, Calypso clients will benefit from a simple, end-to-end solution that does not rely on a 鈥榖uilding blocks鈥� approach.
Mayank Shah, chief of strategy and alliances at Calypso Technology, says: 鈥淲ith this agreement, we are adding an interface to the AcadiaSoft IMEM market-standard reconciliation platform that will enable firms to standardise the margin calculation and verification process and resolve disputes, while maximising straight-through processing鈥�.
IMEM is an end-to-end initial margin (IM) reconciliation and calculation service that aims to bring firms into compliance with the new regulatory requirement to collect and post IM held in a segregated account.
The partnership will give phase five and six firms that are Calypso clients direct access to IMEM, providing an end-to-end solution for UMR compliance that minimises cost and reduces operational risk, says AcadiaSoft.
Calypso, a provider of cross-asset front-to-back technology solutions for financial markets, offers clients margin solutions for cleared and uncleared trades.
The firm has been providing margin solutions to clients since 2010, when the company started working with leading central counterparties (CCPs) on their over-the-counter (OTC) clearing offering.
With the addition of this interface to AcadiaSoft鈥檚 IMEM, Calypso clients will benefit from a simple, end-to-end solution that does not rely on a 鈥榖uilding blocks鈥� approach.
Mayank Shah, chief of strategy and alliances at Calypso Technology, says: 鈥淲ith this agreement, we are adding an interface to the AcadiaSoft IMEM market-standard reconciliation platform that will enable firms to standardise the margin calculation and verification process and resolve disputes, while maximising straight-through processing鈥�.
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