From The Markets
John Shay Appointed Chairman of AcadiaSoft09.12.2019
John C. Shay Appointed Chairman of AcadiaSoft
Shay to succeed Howard Edelstein as independent director and Board Chairman
Norwell, MA, September 12, 2019 – AcadiaSoft Inc., the leading industry provider of risk and collateral management services for the non-cleared derivatives community, today announced the appointment of John C. Shay as its new Board Chairman. Shay succeeds Howard Edelstein, who had served on AcadiaSoft’s Board of Directors since the founding of the company in 2009.
Shay founded and currently serves as Managing Partner at Capital MarketServices, Inc., a wholly-owned clearing and execution services business designed to improve market access for the non-bank community in the over-the-counter and exchange-traded markets. He concurrently serves as Senior Advisor at Broadway Technology and at Virtu Financial Inc., where he advises the CEO on all FICC-related matters.
“We are thrilled to welcome John to the AcadiaSoft leadership team,” said CEO Chris Walsh. “John has a proven track record of helping companies understand and meet clearing requirements and has developed unparalleled insight into the OTC derivatives market over his long career. As we look to the final phases of the uncleared margin rules and beyond, John’s industry knowledge and relationships will be tremendous assets to AcadiaSoft.”
Shay was previously Senior Vice President and Global Head of Fixed Income and Commodities at Nasdaq, where he led the global commodities and fixed-income areas within its Global Trading and Market Services business. He was also a member of the Executive Committee and reported directly to the CEO. Prior to that, he served as Senior Vice President for Global Markets at Virtu, where he was responsible for managing outside venue, vendor and trading relationships.
Earlier, Shay spent 25 years at ICAP, rising to Executive Vice President and Global Head of Sales for ICAP Electronic Broking (IEB) for Fixed Income and Foreign Exchange. In his early years at ICAP, he helped develop strategic partnerships in China, Hong Kong, Japan, South America and the European Union and was instrumental in growing the company’s market share in U.S. Treasuries, Mortgage-backed products and Repos.
“I am humbled to be joining Chris, the accomplished management team and the active board at AcadiaSoft during these exciting and evolutionary times in the uncleared derivative space,” said Shay. “I look forward to working with this group to help the industry address the many regulatory and technological challenges that lie ahead.”
Shay served as an advisor to the U.S. Treasury, CFTC, SEC, FED and Bank of England. He was formerly a member of the Treasury Borrowing Advisory Committee (TBAC), TMPG, FXPA and a Board Member of LCH Group. Shay received an M.B.A. from Columbia Business School and a B.B.A. from Pace University’s Lubin School of Business.
About AcadiaSoft, Inc.
AcadiaSoft, Inc. is the leading industry provider of risk and collateral management services for the non-cleared derivatives community. AcadiaPlus is an open platform that provides the sell-side, the buy-side and fund administrators with specialist applications and a third-party partner ecosystem for the straight-through processing of the entire risk mitigation lifecycle. Backed by 16 major industry participants and market infrastructures, AcadiaSoft is used by a community of more than 1100 firms exchanging approximately $700B of collateral on a daily basis via its margin automation services. AcadiaSoft is headquartered in Norwell, MA and has offices in London, New York and Tokyo. For more information, visit acadiasoft.com. Follow us on Twitter: https://twitter.com/AcadiaSoft and LinkedIn: https://www.linkedin.com/company/acadiasoft-inc/.