Bloomberg Launches New Pre-Trade Analytics

Bloomberg and derivatives risk management services provider Acadia have integrated their respective initial margin capabilities to introduce new pre-trade calculations for users ahead of phase six of the Uncleared Margin Regulation in September next year. As part of the collaboration, Bloomberg’s optimization tool delivered via its Terminal, multi asset risk solutions (MARS) standard initial margin model (SIMM), has been integrated with Acadia’s initial margin exposure manager (IMEM) module for SIMM pre-trade analytics. The UMR regulation’s Phase 6 requires a broader selection of institutions to meet implemented exposure obligations, including forcing firms that surpass an exposure threshold of $50 million to calculate an initial margin using ISDA’s SIMM. The news follows the launch of several CDSR workflow tools by Bloomberg earlier this month, as a means of helping participants to better manage the regulation ahead of its upcoming deadline.