LSEG looks to boost post trade offering with Acadia acquisition
London Stock Exchange Group (LSEG) has agreed to acquire Acadia, a US-based provider of risk management, collateral and margining services for the uncleared derivatives markets, for an undisclosed sum.
LSEG, which has held a minority stake in Acadia since 2018, says the move furthers its strategy to “enhance and grow its multi-asset post trade offering for the uncleared derivatives space”.
It adds the addition of Acadia will strengthen its ability to provide “resilient and systemically important financial market infrastructure to our customers”.
Founded in 2009, Acadia claims to enable more than $1 trillion in daily collateral exchanges for more than 2,000 firms.
Upon completion of the transaction, which is subject to regulatory approval, Acadia will become part of LSEG’s post trade division, with the company’s CEO Chris Walsh reporting to LSEG’s group head of post trade, Daniel Maguire.
Last week, tech giant Microsoft revealed it has bought a 4% stake in LSEG as part of a long-term strategic partnership that will see the group leverage Microsoft’s cloud service Azure for its data and tech infrastructure.