The London Stock Exchange Group (LSEG), which has held a minority stake in Acadia since 2018, has decided to acquire the US-based risk and collateral management services provider. LSEG announced a planned acquisition on Monday statement on that website.
@LSEGplc Acquired Acadia. The acquisition will further his LSEG’s strategy to strengthen and expand its multi-asset post-trade offerings for the uncleared derivatives space. Read the press release: https://t.co/sLvYdxMdAX pic.twitter.com/bbN2avvlbH
LSEG (London Stock Exchange Group) (@LSEGplc) December 19, 2022
The deal marks technology giant Microsoft’s purchase of a 10% stake in LSEG with a major UK stock exchange operator to deliver “next-generation data and analytics and cloud infrastructure solutions.” It took place just days after announcing a year-long partnership deal.
However, LSEG said the goal of the planned acquisition of Acadia, whose terms were not disclosed, is to strengthen its multi-asset post-trade offering for the uncleared derivatives industry. According to the exchange, Acadia trades more than $1 trillion in collateral daily.
With its deep expertise in margin, collateral and risk management, Acadia is highly complementary to LSEGs post-trade capabilities. will be strengthened, explains the stock exchange.
LSEG acquisition ‘important milestone’ for Acadia
Meanwhile, if the deal closes, Acadia CEO Chris Walsh is expected to join LSEG’s Post Trade Division and report to Daniel Maguire, group head of the stock exchange’s Post Trade, according to people familiar with the matter. LSEG said.
Speaking about the acquisition, Maguire praised Acadia’s “significant efficiencies in risk management, margin and collateral,” and said he will work with Walsh and his team to “continue to innovate and drive efficiencies across the derivatives industry. He added that he is looking forward to going.
Walsh also said the agreed transaction is a “significant milestone” for Acadia, adding that the combined capabilities of the two companies will provide an “exciting opportunity for clients to optimize their post-deal operations more efficiently.” It will bring great opportunities, he added. However, the planned acquisition is still subject to regulatory approval.
LSEG takeover scandal
Throughout the year, LSEG announced a number of agreed acquisition transactions. This is evidence of the firm’s strong position in the global financial markets. In May, the stock exchange agreed to acquire market data solutions provider MayStreet.
Earlier in April, the London-based financial services provider also announced plans to acquire identity data platform Global Data Consortium and integrate it into its data and analytics division. Additionally, LSEG signed a deal in February to acquire TORA for $325 million.
TORA is a cloud-based technology provider dedicated to the trading industry. The goal, according to the stock exchange operator, is to expand its footprint in the trading and banking solutions industry.
The London Stock Exchange Group (LSEG), which has held a minority stake in Acadia since 2018, has decided to acquire the US-based risk and collateral management services provider. LSEG announced a planned acquisition on Monday statement on that website.
@LSEGplc Acquired Acadia. The acquisition will further his LSEG’s strategy to strengthen and expand its multi-asset post-trade offerings for the uncleared derivatives space. Read the press release: https://t.co/sLvYdxMdAX pic.twitter.com/bbN2avvlbH
LSEG (London Stock Exchange Group) (@LSEGplc) December 19, 2022
The deal marks technology giant Microsoft’s purchase of a 10% stake in LSEG with a major UK stock exchange operator to deliver “next-generation data and analytics and cloud infrastructure solutions.” It took place just days after announcing a year-long partnership deal.
However, LSEG said the goal of the planned acquisition of Acadia, whose terms were not disclosed, is to strengthen its multi-asset post-trade offering for the uncleared derivatives industry. According to the exchange, Acadia trades more than $1 trillion in collateral daily.
With its deep expertise in margin, collateral and risk management, Acadia is highly complementary to LSEGs post-trade capabilities. will be strengthened, explains the stock exchange.
LSEG acquisition ‘important milestone’ for Acadia
Meanwhile, if the deal closes, Acadia CEO Chris Walsh will join LSEG’s Post Trade Division and report to Daniel Maguire, group head of the stock exchange’s Post Trade, LSEG said. rice field.
Speaking about the acquisition, Maguire praised Acadia’s “significant efficiencies in risk management, margin and collateral,” and said he will work with Walsh and his team to “continue to innovate and drive efficiencies across the derivatives industry. He added that he is looking forward to going.
Walsh also said the agreed transaction is a “significant milestone” for Acadia, adding that the combined capabilities of the two companies will provide an “exciting opportunity for clients to optimize their post-deal operations more efficiently.” It will bring great opportunities, he added. However, the planned acquisition is still subject to regulatory approval.
LSEG takeover scandal
Throughout the year, LSEG announced a number of agreed acquisition transactions. This is evidence of the firm’s strong position in the global financial markets. In May, the stock exchange agreed to acquire market data solutions provider MayStreet.
Earlier in April, the London-based financial services provider also announced plans to acquire identity data platform Global Data Consortium and integrate it into its data and analytics division. Additionally, LSEG signed a deal in February to acquire TORA for $325 million.
TORA is a cloud-based technology provider dedicated to the trading industry. The goal, according to the stock exchange operator, is to expand its footprint in the trading and banking solutions industry.