AcadiaSoft was honored with the Best Sell-Side Newcomer award for its AcadiaSoft Collateral Hub service at last nights 2016 Waters Sell-Side Technology Awards at New Yorks Marriott Marquis. The annual awards ceremony recognizes the leading technologies and third-party vendors across various areas of expertise in the financial industry.
The AcadiaSoft Collateral Hub, launched in February 2016 with the participation of 28 of the worlds largest banks, addresses upcoming collateral regulations that will impact the OTC derivatives market starting this September. The Hub provides the non-cleared OTC derivatives market with a central margining platform that standardizes and integrates margin calculation, reconciliation, communication and disputes management for counterparties.
This award is a testament to the spirit of innovation embodied in the AcadiaSoft community, said Chris Walsh, Chief Executive Office of AcadiaSoft. We developed the Collateral Hub to meet new regulatory requirements in the OTC derivatives market and we are grateful for the support weve received from the industry. Were proud to be acknowledged by Waters Technology and the sell-side executives who participated on the panel of judges.