With a view to growing “its multi-asset post trade offering for the uncleared derivatives space”, the London Stock Exchange Group is to acquire Acadia – the Boston-based provider of operational solutions for derivatives and the collateral exchange around them.

Acadia says it enables the exchange of over 1 trillion dollars per day in collateral, between the 2,000 market participants who connect through its platform. The takeover was announced Monday, in a press release referring to the target as “a leading provider of automated uncleared margin processing and integrated risk and optimisation services for the global derivatives community”.

The London Stock Exchange Group (LSEG) is a minority owner in Acadia since 2018.

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“With deep domain expertise in margining, collateral and risk management, Acadia is highly complementary to LSEG’s Post Trade capabilities. The transaction will strengthen LSEG’s provision of resilient and systemically important financial market infrastructure to our customers. LSEG and Acadia share a commitment to an open model, giving customers a choice as to how they process trades,” writes LSEG in its press release.

Acadia will go into LSEG’s post trade division.