Financial markets are constantly evolving with new products and markets maturing at a rapid rate. The need for progressive, innovative technology solutions has never been more paramount.
A market leading 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.
The NOVA ‘Package’ contains standard modules required to process a trade, such as Static Data, Trade and Settlement Processing and Accounting, supplemented by local modules that interface into a local Clearing House system, provide Regulatory Reports and much more. As a modular solution, certain modules can be independently implemented to satisfy a specific business processing requirement such as Margin Trading and Custody.
Key Features
- A multi-market, multi-currency, multi-product, multi-company exception based middle & back office processing solution for retail & institutional brokers.
- High volume capabilities & reduced transaction costs.
- Seamless integration with external systems via APIs & middleware.
- Industry standards technology with flexible deployable options.
- Supports an extensive range of International Market Settlement Interfaces.
Sub Products
- NOVA Package: The NOVA Package 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: 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: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: 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.
- NOVA Corporate Actions: NOVA Corporate Action is a multi-market, multi-currency Corporate Action engine that provides processing continuity for corporate events occurring in both domestic and international markets.
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