Acadia

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Acadia is a financial technology company specializing in risk management solutions for the global derivatives market. The company focuses on providing open-source tools and services to help financial institutions manage their risk and comply with regulatory requirements.
== History ==
Acadia was formerly AcadiaSoft Inc. and is a result of the collaboration of major financial institutions, including eight Fed 14 banks. Its services support implementation of documented ISDA Collateral Requirements. The company rebranded as "Acadia" on June 21, 2021. 
The rebranding came after the company acquired Dublin-based Quaternion in February 2021 and was a culmination of Acadia’s transformation from a pure software company to an industry standard platform over the previous decade, Acadia said. 
In June, 2012, Acadia paired with the trading and risk processing platform Calypso Technology to incorporate its margin automation, electronic messaging and workflow software into Calypso's collateral management solution systems. This integrated software was intended to answer calls from the G20 for greater collateral requirements in OTC derivatives clearing. 
== Products and Services ==
Acadia offers a range of products and services designed to assist financial institutions with risk management:
* Acadia Quant: An open-source platform that provides pricing and risk analysis tools. It is designed to offer users speed, support, and complete control over their risk management processes.
* ISDA SIMM Support: Acadia provides support for the transition between different versions of the ISDA Standard Initial Margin Model (SIMM), such as the transition from ISDA SIMM 2.6 to 2.7.
* Risk Management Solutions: While not explicitly detailed in the search results, Acadia's focus on "Building the Future of Risk Management" suggests a comprehensive suite of risk management tools and services for the derivatives market.
On March 5, 2019, AcadiaSoft Inc. announced plans to release an Initial Margin (IM) Monitoring Service designed to provide IM Phase 4 and Phase 5 firms with the ability to monitor their IM exposure. Once a firm meets their maximum IM threshold, the service will automatically trigger the onboarding process for CSA (Credit Support Annex) and custody agreement negotiation. The service is being introduced in response to guidance recently issued by the Working Group for Margin Reform within the Basel Committee for Banking Supervision and the International Organization of Securities Commissions (IOSCO).
== Key People ==
File:Scott Fitzpatrick.png|Scott Fitzpatrick, Head of Acadia
File:Fred Dassori.png|Fred Dassori, Chief Product Officer
File:Scott Lorimer.png|Scott Lorimer, Chief Technology Officer
File:Laura Craft.png|Laura Craft, Director of Marketing & Partnerships
File:Donal Gallagher.png|Donal Gallagher, President - Quaternion Expert Services
File:Roland Lichters.png|Roland Lichters, Co-Head - Quantitative Services
File:Caitlin Rogers.png|Caitlin Rogers, Corporate Counsel
File:Richard Barton.png|Richard Barton, Head of Product Management
File:John Pucciarelli.png|John Pucciarelli, Director of Industry Engagement
File:Cheryl Oliver.png|Cheryl Oliver, Financial Controller
File:Anil Kommareddi.png|Anil Kommareddi, Executive Director of Technology
File:Steve Peden.png|Steve Peden, Director of Technology Operations
== References ==
Category:AcadiaSoft
Category:Financial Technology
Category:Risk Management
Category:Derivatives
Category:Open Source