CloudMargin and AcadiaSoft join forces 12 January 2015London Reporter: Stephen Durham
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CloudMargin and AcadiaSoft have partnered to provide real-time collateral management communication to their clients.
Using the new link to AcadiaSoft MarginSphere, CloudMargin鈥檚 clients are able to issue and respond to margin calls, manage disputes and then negotiate and process margin movements electronically with their brokers.
This happens in real-time without sending emails or faxes, prevents the re-keying of data and removes the need to monitor an email inbox.
CloudMargin clients pay a rolling monthly subscription based on actual usage levels and receive a full-featured collateral management platform that, CloudMargin claims, outperforms 鈥渢he dated million-dollar offerings of the legacy technology vendors鈥�.
MarginSphere is a margin confirmation community where counterparties engaged in collateral management can automate the complete margin cycle.
It is the result of collaboration between AcadiaSoft and the industry鈥檚 largest financial institutions who are focused on driving efficiencies and reducing risks through margin automation.
CloudMargin鈥檚 link to AcadiaSoft is live and immediately available to new and existing clients.
鈥淭he move from email and fax communications to electronic messaging is the greatest single driver of efficiency and STP the collateral management world has seen in years,鈥� commented Andy Davies, founder and CEO of CloudMargin.
鈥淎cadiaSoft鈥檚 innovative solution is a natural partner of CloudMargin and together our clients and their brokers will see immediate efficiency and accuracy gains. I鈥檓 thrilled to offer this new functionality to our rapidly growing client base."
Chris Walsh, chief operating officer at AcadiaSoft, said: 鈥淲e are excited to be integrated with CloudMargin to bring increased [straight-through processing] to the collateral management process.鈥�
鈥淭he welcome addition of CloudMargin to the AcadiaSoft community is a key advancement for us towards our goal of a completely automated, industry-wide margin process.鈥�
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