ICAP announces further investment in AcadiaSoft

LONDON, 7 July, 2015 – ICAP plc (IAP.L), a leading markets operator and provider of post trade risk mitigation and information services, announces today that it has made a further investment in AcadiaSoft, Inc, a provider of electronic margining for over the counter (OTC) derivatives. The investment is alongside DTCC, Euroclear and four additional banks, for a total of 13 bank investors.

Simultaneously, ICAP’s TriOptima has entered into commercial agreements with AcadiaSoft and DTCC-Euroclear Global Collateral to link AcadiaSoft’s MarginSphere® 2 messaging service with TriOptima’s triResolve OTC trade reconciliation service and the Margin Transit Utility operated by the DTCC-Euroclear joint venture, creating an open, seamless, end-to-end collateral processing hub for non-cleared derivatives.

Commenting on the announcement, Michael Spencer, Group Chief Executive Officer of ICAP, said: “This cooperation between AcadiaSoft, TriOptima, DTCC-Euroclear and our partner banks is very exciting and we look forward to working with the other shareholders to create a true industry solution. We will combine TriOptima’s expertise through its triResolve portfolio matching service with AcadiaSoft’s margin messaging platform which will facilitate regulatory compliance and a reduction in operational costs and risks.”

Through Euclid Opportunities, an ICAP-owned early stage funding programme, ICAP supports innovative financial technology firms in the areas of post-trade risk management, data and financial market applications. Euclid Opportunities forms part of the post trade division of ICAP, which also comprises TriOptima, Traiana, Rematch, Reset and ICAP Information Services.


Serra Balls Group Head of Communications +44 (0)20 7050 7103
Alex Dee Head of Investor Relations +44 (0)20 7050 7123

About ICAP
ICAP is a leading markets operator and provider of post trade risk mitigation and information services. The Group matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, FX, emerging markets and equity derivatives through voice and electronic networks. Through its post trade risk mitigation and information services ICAP helps customers manage and mitigate risks in their portfolios.