PR88314

NEW YORK and LONDON, March 3, 2021 /PRNewswire=KYODO JBN/ --

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

risks.

"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.

ABOUT LMRKTS

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.

Related links

http://www.lmrkts.com/

ABOUT ACADIASOFT

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,

London, New York, and Tokyo. Follow us on Twitter:

https://twitter.com/AcadiaSoft_ and LinkedIn:

https://www.linkedin.com/company/acadiasoft-inc/

SOURCE:  LMRKTS LLC