The post trade processing solution for institutional and retail investment banks and stock brokers across the globe
A middle and back office solution for both retail and institutional investment banks and stockbrokers, NOVA, provides a modular and highly configurable multi-market, multi-currency, multi-company, multi-asset class platform. It provides automation of vertical processes across multiple asset classes and regions, enabling firms to efficiently adapt to market and regulatory changes. Firms can move to an exception-based view of the settlement process, including trade confirmation, while standardising functions for improved Straight Through Processing (STP).
NOVA’s functionality supports equities, fixed income, futures and options, CFDs and spread betting and can be deployed across Europe, Asia and Australasia. Users can configure the platform in line with how transactions are processed, based on timings, sources and destinations. As a modular solution, it allows certain modules to be independently implemented to satisfy a specific business processing requirement such as Margin Trading and Custody.
NOVA easily integrates with existing systems and its message interface provides flexible and standardised implementation.
It includes a suite of modules designed for processing local and international business in a specific market including interfaces into local CSDs and Regulatory Reports. Markets covered
include: Hong Kong, Singapore, Malaysia, Indonesia, Vietnam, New Zealand and the UK.
NOVA Margin is a multi-market, multi-currency, multi-collateral share margin financing and risk management solution designed and developed to provide brokers with cross border and multi-product financing and margining capabilities.
NOVA Custody provides the ability to consolidate and manage client custody positions regardless of borders or asset class, generate a flexible range of service fees, manage corporate actions and wrap your service in a professional client statement.
NOVA Confirm enables a financial institution to automate the generation and distribution of trade confirmations via a range of different methods and mediums including email, fax and OMGEO.
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