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.
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
Direct connectivity into NZX trading and NZX Clearing, covering the NZSX main board and NZX Debt Market.
Regulatory and client-money reporting generated straight from the settlement record, fully audited.
Runs New Zealand’s T+2 cycle now, with T+1 already live in production for other NOVA markets.
Equities, debt, derivatives and cross-border NZD/AUD flow on one lifecycle engine.
20:00–01:30 NZST
New Zealand evening. Accessible today.
01:30–08:00 NZST
New Zealand overnight. The traditional access problem.
12:00–20:00 NZST
The New Zealand working day. Your desk is open when the tape runs.
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
01
A lean team runs a growing book without adding operations headcount.
02
Predictive risk scoring and automated breaks cut failure cost and capital drag against NZX Clearing obligations.
03
A 24×5 US equities service sold in the New Zealand business day.
04
System-generated evidence for FMA and NZX obligations.
05
No upfront fee, no forced replacement, modular go-live.