Streamline and Automate Real-Time Trade Processing

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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.

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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.

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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

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Improve Operational Efficiency

with automated Striaght Through Processing and multi tier architecture

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Reduce Cost

operate more efficiently, and minimise risk with cloud-hosted infrastructure

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Scalable & Future-Ready

with multi tier architecture enabling load balancing and increased security

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Lower Security Risks

multi tier architecture that isolates critical data under several encrypted layers

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Strong Clearing & settlement

ecosystem with direct interface with all major CSDs across APAC

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Improve Compliance

to ever-eveolving regulatory requirements across multiple jurisdictions

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