Acadia says it has nearly all UMR phase 5 firms on board

Over 300 of about 330 counterparty groups covered by the latest initial-margin implementation have been successfully onboarded onto Acadia’s derivatives-industry communication platform AcadiaPlus, the company says.

According to an Acadia press release, the AcadiaPlus platform is a set of services providing “a central source of standardized data, reconciliation, dispute resolution and threshold monitoring for the industry”, and a large majority of counterparty groups under initial-margin phases 1–5 are now integrated on it.

The phase 5 onboardings have taken around 2,000 new regulatory initial-margin CSA agreements and over 5,000 new regulatory monitor agreements.

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