LSEG Acquires Stake in AcadiaSoft
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LSEG Acquires Stake in AcadiaSoft
The London Stock Exchange Group (LSEG) announced this Wednesday that they have acquired a 16 percent stake in AcadiaSoft. Alongside the deal, AcadiaSoft, a provider of risk workflow solutions, has signed a deal LCH, a clearing house that the LSEG owns a 60 percent stake in.
The deal seems to have been driven by a desire, on LCH and LSEG’s behalf, to expand into the non-cleared market. A large part of AcadiaSoft’s ‘raison d’etre’ is to provide services catering to that market with the firm providing margin automation for counterparties engaged in collateral management.
More specifically, LCH appears to be ... (read more)
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