Post-Trade & Settlement Solutions in New Zealand
New Zealand

Two decades in New Zealand. Direct connectivity to NZX.

NOVA CMX has supported New Zealand’s leading brokers for over 20 years. It sits behind the OMS you already own and takes over settlement, reconciliation, corporate actions, client money and reporting on a market with a small participant pool, thin margins and no room for a large operations bench – configured, not coded.

Track record

12

weeks go-lives

70% out of the box

20+

years serving New Zealand brokers

Local track record

34%+

average operating cost saving per client

Across client base

$0

upfront licence fee

Commercial model

Accredited for this market

Built for NZX and the New Zealand rulebook.

NZX connectivity

Direct connectivity into NZX trading and NZX Clearing, covering the NZSX main board and NZX Debt Market.

FMA reporting embedded

Regulatory and client-money reporting generated straight from the settlement record, fully audited.

T+2 today, T+1 ready

Runs New Zealand’s T+2 cycle now, with T+1 already live in production for other NOVA markets.

Multi-asset, multi-entity, multi-currency

Equities, debt, derivatives and cross-border NZD/AUD flow on one lifecycle engine.

The 24×5 opportunity

US equities now trade inside the New Zealand business day.

A domestic desk can quote and execute US names for local clients, in local hours, with local support. The venue is no longer the constraint. The back office is.

US pre-market ·
04:00–09:30 ET

20:00–01:30 NZST

New Zealand evening. Accessible today.

US regular session ·
09:30–16:00 ET

01:30–08:00 NZST

New Zealand overnight. The traditional access problem.

US overnight session ·
20:00–04:00 ET

12:00–20:00 NZST

The New Zealand working day. Your desk is open when the tape runs.

New Zealand’s sell-side firms run lean operations teams by design – a small domestic market leaves little headroom to staff an overnight desk from scratch. Continuous trading removes the window the back office was built around. Trade capture, position keeping, margin, FX funding and reconciliation have to run while the batch used to. NOVA CMX already processes that way.

The business case

What it does to the cost base.

95-98%

Straight-through processing achieved

risk

20-40%

TCO reduction via STP and vendor consolidation

Run-rate

25-50%

lower labour cost in reconciliation & exceptions

Operations

12-18mo

Typical payback on targeted automation​

Payback

The C-suite outcome

Scale operations without scaling headcount.

01

Cost decoupled from volume

A lean team runs a growing book without adding operations headcount.

02

Fewer fails

Predictive risk scoring and automated breaks cut failure cost and capital drag against NZX Clearing obligations.

03

New revenue

A 24×5 US equities service sold in the New Zealand business day.

04

Regulatory confidence

System-generated evidence for FMA and NZX obligations.

05

Downside protected

No upfront fee, no forced replacement, modular go-live.

Capital markets - engineered

Ask for your tailored ROI.

Two weeks of discovery, modelled against your own trade flow and cost base. Then decide.

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