London Stock Exchange Group (LSEG) has agreed to acquire Acadia, a US-based provider of risk management, collateral and margining services for the uncleleared derivatives markets, for an undisclosed sum. LSEG acquires Acadia for undisclosed sum LSEG, which has held a minority stake in Acadia since 2018, says the move furthers its strategy to “enhance and grow its multi-asset post trade offering for the uncleared derivatives space”. It adds the addition of Acadia will strengthen its ability to provide “resilient and systemically important financial market infrastructure to our customers”. Founded in 2009, Acadia claims to enable more than $1 trillion in daily collateral exchanges for more than 2,000 firms. Upon completion of the transaction, which is subject to regulatory approval, Acadia will become part of LSEG’s post trade division, with the company’s CEO Chris Walsh reporting to LSEG’s group head of post trade, Daniel Maguire. The deal is the latest in a string of acquisitions by LSEG this year. The group has already picked up TORA, Global Data Consortium and MayStreet in the last 12 months. Last week, tech giant Microsoft revealed it has bought a 4% stake in LSEG as part of a long-term strategic partnership that will see the group leverage Microsoft’s cloud service Azure for its data and tech infrastructure.

LSEG looks to boost post trade offering with Acadia acquisition

London Stock Exchange Group (LSEG) has agreed to acquire Acadia, a US-based provider of risk management, collateral and margining services for the uncleared derivatives markets. The deal is subject to regulatory approval and will strengthen LSEG's post-trade division. Founded in 2009, Acadia enables more than $1 trillion in daily collateral exchanges for over 2,000 firms. The acquisition is part of LSEG's strategy to enhance its multi-asset post-trade offering for the uncleared derivatives space.