Case study

Singapore

Brokerage arm of a regional banking group

3 modules, one platform

Building an independent, intelligent post-trade engine.

When the exchange exited post-trade services, a leading Singapore brokerage lost the infrastructure its operation was built on. The task was not to replace a system. It was to own the entire post-trade operating model – autonomous, automated, and able to carry the firm across more asset classes and more jurisdictions than before.

Client

A leading Singapore brokerage, part of a major regional banking group

Trigger

The exchange withdrew from post-trade services

Scope

NOVA Post Trade, Margin System and Corporate Actions

Architecture

Unified, API-driven, MAS-aligned

The outcome

Control, speed and cost discipline - measured.

>90%

Fewer reconciliation errors

Manual hand-offs removed across capture, settlement, custody and payments

>50%

Faster margin recalculation

Real-time exposure across every account and asset class

~40%

Less reporting effort

MAS and SGX reporting automated inside the platform

>30%

Lower regulatory reporting cost

Estimated, through automated audit trails and workflows

>20%

Lower OPEX

Fragmented legacy systems consolidated onto one platform

3 modules

One unified platform

Post Trade, Margin and Corporate Actions on shared data

The starting point

Structural exposures, all urgent.

Dependency risk

With the exchange withdrawing, the firm needed full trade lifecycle ownership - capture, settlement, custody and payments - inside infrastructure it operated itself.

Rigid margin computation

Legacy margin engines had no real-time exposure view and recalculated too slowly to protect capital. In volatile markets, latency is risk.

Rising regulatory burden

Escalating MAS requirements, multi-dimensional reporting and closer audit scrutiny, all still handled through manual workflows.

Scalability requirement

Whatever replaced the exchange had to scale across asset classes and jurisdictions rather than lock the firm into another rebuild.

The requirement

The new infrastructure had to operate not only independently, but intelligently - automated workflows replacing manual hand-offs at every stage.

What changed

Post-trade stopped being a back-office concern.

Risk posture

Proactive, not reactive. Real-time exposure monitoring across all accounts and asset classes, instant recalculation and threshold alerts – a 50% faster response to market movements and a stronger capital protection framework.

Operational reliability

Over 90% fewer manual errors. Automated reconciliation across the lifecycle removed the hand-offs that generated them, lowering operational loss risk and strengthening internal controls.

Compliance

Streamlined, scalable, defensible. Reporting automation aligned to MAS and SGX requirements cut reporting effort by around 40% and regulatory reporting cost by an estimated 30%.

Cost base

A structural improvement, not a one-off saving. Consolidating fragmented legacy systems onto one modular platform reduced infrastructure overhead, vendor dependency and IT maintenance – over 20% off OPEX.

Strategic flexibility

Capability added by configuration. Modular deployment and API-driven connectivity mean new asset classes, markets and regulatory change are absorbed without rearchitecting the core.

Executive takeaway

Post-trade infrastructure is a strategic asset, not a cost centre.

When it is intelligent, automated and genuinely adaptable, the effects compound: risk reduces, cost compresses, productivity expands – and the firm gains the capacity to move faster, enter new markets, and absorb regulatory change without operational disruption. This firm did not simply modernise. It reengineered its competitive position from the ground up.

Capital markets - engineered

Own your post-trade, on your terms.

If a venue change, a vendor exit or a growth plan is forcing your hand, we will map the same operating model against your flow – and show you which modules you actually need.