Streamline and Automate Real-Time Trade Processing
Complete Solution
With the complexity and volume of corporate action events increasing, the NOVA Corporate Actions provides a centralised and reconciled view of corporate actions across all markets, asset classes or currencies.
Simple & Flexible
The platform allows users to define and create corporate action types and workflow instead of depending on development changes, thereby significantly increasing efficiency and enabling faster time to market.
Events Agnostic
The NOVA platform supports corporate actions from cash dividends, bonus issue, share split, consolidation, interest payment and more
NOVA Trade encompasses features related to the initiation and management of client and market transactions, utilizing both manual input and automated procedures (subject to Stock Exchange regulations). It offers capabilities such as automated computation of all market transactions based on stock exchange actions, comparison of executions against client trades/orders for consistency, customizable contract notes and trade confirmations, and additional functionalities.
Benefits
Trading
Supports both Agency and Principal NOVA Trade supports both Agency and Principal trading from the entry of Agency and Principal trade legs to the monitoring and revaluation of Principal positions in the NOVA Book module.
Multi-Market, Multi-Currency, Multi-Entity
From settlement date calculation rules of the region, setting market related processing rules, to option to settle in a different currencies; NOVA platform handles it all.
Auto-Management of Exceptions
User selected options are provided for the treatment of exceptions encountered through the entry of the party/account as part of the trade. Such exceptions may include an abnormal status; the absence of completed agreements, account appearing on a blacklist, and more
Features
Automatic Upload of Market Executions
Matching of Executions to Client Trades or Orders
Pick-List of Unmatched Executions for the Market Side of a Trade
On Screen Reconciliation of Market Executions & Client Trades/Orders
One-to-One, One-to-Many and Many-to-Many Trade Matching
Price Tolerance Verification
Exchange Rate Tolerance Verification
Accrued Interest for Fixed Interest
Entry of Block or Confirmed [Allocated] Trade
Futures and Options: Margins
Speciy Charges by Client or Instrument
Automatic Generation of Settlement Instructions(SI)
On Screen Modification of Settlement Instructions
Trade Confirmations and Contract Notes
Trade Reports Generations
Trade Execution Allocations
FX Trade Booking & Allocation
Improve Operational Efficiency
with automated Striaght Through Processing and multi tier architecture
Reduce Cost
operate more efficiently, and minimise risk with cloud-hosted infrastructure
Scalable & Future-Ready
with multi tier architecture enabling load balancing and increased security
Lower Security Risks
multi tier architecture that isolates critical data under several encrypted layers
Strong Clearing & settlement
ecosystem with direct interface with all major CSDs across APAC
Improve Compliance
to ever-eveolving regulatory requirements across multiple jurisdictions