Cheyne Capital Deploys MarginSphere To Track Swaps Margin

Buy-side asset manager Cheyne Capital Management said it's turning to AcadiaSoft Inc.'s platform to help it electronically confirm, manage and track margin calls during over-the-counter derivatives transactions.

AcadiaSoft said the MarginSphere system is an online community that provides both buy and sell-side firms a place to make real-time adjustments to their collateral exposures and commitments. It also aids in managing regulatory requirements by giving firms a full audit trail of their collateral management activities, the vendor said.

"AcadiaSoft allows us to view and respond to our margin calls from one online location, benefiting the efficiency and transparency of our daily operations," Cheyne Capital Management's James Dawson said in a statement.

AcadiaSoft added that MarginSphere is also being deployed by a number of powerful sell-side firms, including Goldman Sachs, Deutsche Bank, HSBC, and JPMorgan. The firm contends that its software is growing in popularity as a result of an increased focus on counterparty risk management by regulators and market participants.

"Firms have embraced collateral management as the standard for risk mitigation and are therefore demanding increased efficiency and transparency in this area," AcadiaSoft Chief Executive Craig Welch said in a statement. As the Senior Editor of Advanced Trading, Justin Grant plays a key role in steering the magazine's coverage of the latest issues affecting the buy-side trading community. Since joining Advanced Trading in 2010, Grant's news analysis has touched on everything from the latest ... View Full Bio