AcadiaSoft and TriOptima tie-up to usher in new margin hub
Goldman-led dealer consortium stepped aside for middleware and tech firms
A clutch of technology firms and back-office specialists are quietly making progress on a new margining utility for the swaps market – a high-stakes project that has already seen off plans by the world's biggest dealers to create their own margin hub.
The idea is to create a one-stop shop that takes care of the tasks required by incoming rules on margining for non-cleared over-the-counter trades, such as calculating and automating margin calls, mediating disputes and electronically processing
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