New york and London, March 3, 2021/PRNewswire/-LMRKTS, a leading provider of cost optimization and compression in the industry, today announced the successful completion of the Proof of Concept (PoC) for the optimization of the overall ISDA (International Swaps and Derivatives Association) standard initial margin model (SIMM), which can optimize the entire exchange rate and foreign exchange products. LMRKTS and AcadiaSoft, Inc., a leading risk and collateral management service provider in derivatives industry, jointly led the proof of concept. This new proof-of-concept of industrial service utilizes LMRKTS’ first-class mathematical expertise and AcadiaSoft’s extensive network and data management functions to provide margin reduction services for buyers and sellers’ financial institutions.

　　Market participants must comply with the margin requirements for non-central clearing derivatives. By optimizing ISDA SIMM, market participants can minimize their margin costs and better manage their risks.

　　Andrea Ianniello, President and Chief Commercial Officer of LMRKTS, said: "Our unique ability can minimize the exchange rate and foreign exchange margin in a single operation, thus ensuring comprehensive and most efficient optimization of RatesFX product categories. Adding clearing nodes will further improve our already strong advantages. "

　　The global network of financial institutions participated in the first proof of concept, and the second proof of concept is planned for this month. LMRKTS uses the customer input files in the common risk exchange format (CRIF) of ISDA SIMM risk sensitivity standard model, which are received directly from AcadiaSoft with the permission of the participants.

　　Fred Dassori, Chief Product Officer of AcadiaSoft, said, "We are honored to cooperate with LMRKTS in this proof of concept and look forward to further cooperation. Our common goal is to reduce the risk and improve the efficiency of the post-transaction process for common customers. "