Country for PR: United Kingdom
Contributor: PR Newswire Europe
Thursday, March 04 2021 - 01:00
LMRKTS Completes Successful Proof of Concept Simplifying ISDA SIMM Optimization
NEW YORK and LONDON, March 3, 2021 /PRNewswire-AsiaNet/ --

LMRKTS, an industry-leading optimization and compression provider, announced 
today the successful completion of a proof of concept (PoC) for a holistic ISDA 
Standard Initial Margin Model (SIMM) Optimization across Rates and FX products. 
LMRKTS led the PoC in conjunction  with AcadiaSoft, Inc., the leading industry 
provider of risk and collateral management services for the derivatives 
community. The PoC for this new industry service leverages LMRKTS' 
best-in-class mathematical expertise and AcadiaSoft's extensive network and 
data management capabilities to deliver margin reductions for buy-side and 
sell-side financial institutions.

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Market participants are required to adhere to margin requirements for 
non-centrally cleared derivatives. Through optimizing ISDA SIMM, market 
participants can minimize their margin costs while also better managing their 

"Our unique ability to maximize margin reductions for both rates and FX in a 
single run ensures that the RatesFX product class is optimized holistically, 
and therefore most efficiently," says Andrea Ianniello, President and Chief 
Commercial Officer of LMRKTS. "Adding cleared nodes further improves our 
already strong benefits."

A network of global financial institutions participated in the first PoC, with 
the second planned this month. LMRKTS uses clients' input files in the Common 
Risk Interchange Format (CRIF), the ISDA SIMM standard model for risk 
sensitivities, which it receives directly from AcadiaSoft with granted 
permission by the participants.

"We are proud to be working with LMRKTS on this PoC and look forward to further 
collaboration. Our common goal is to reduce risk and increase efficiency in 
post-trade processes for our mutual clients," said Fred Dassori, Chief Product 
Officer at AcadiaSoft.

LMRKTS is a leading provider of optimization and compression services that 
helps financial institutions manage derivatives exposures. LMRKTS contributes 
to the stability of the financial system by reducing capital, balance sheet, 
and operational costs for its clients. Since the launch of its first commercial 
service to reduce risk and leverage exposures in G10 currencies, LMRKTS has 
gone on to eliminate trillions of dollars of obligations between some of the 
world's largest financial institutions. LMRKTS was founded by former traders 
and technologists who saw an inefficiency in short term risk management and has 
received investment from The World Bank and Motive Partners. 

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AcadiaSoft, Inc. is the leading industry provider of risk management services 
for the derivatives community. Its industry-wide repository of margin and 
collateral data helps firms to mitigate financial risk and optimize resources 
across the entire trade life cycle. 

AcadiaSoft's suite of analytics solutions and services helps firms measure the 
quantitative aspects of risk management. Through an open-access model, 
AcadiaSoft brings together the top derivatives banks and asset managers, along 
with several market infrastructures and innovative vendors.  

Backed by 16 major industry participants and market infrastructures, AcadiaSoft 
is used by a community of over 1600 firms exchanging more than $1 trillion of 
collateral on daily basis via its margin automation services. AcadiaSoft is 
headquartered in Norwell, MA and has offices in Boston, Dublin, Dusseldorf, 
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