Market · United Kingdom
NOVA CMX automates the middle and back office behind the OMS you already run. T+1 is live in production, including with a UK client. Twelve weeks to go-live, no upfront licence fee, no rip-and-replace.
T+1
live in production, and T+0
ready
>95%
straight-through processing
>34%
average reduction in operating costs
12
week go-live with nearly 70% out-of-box functionalities
The first UK cash-equity trade date for T+1 settlement, aligned with the EU and Switzerland. The Taskforce code of conduct sets 12 critical and 26 highly recommended actions, expects firms ready to test in early 2027, and will benchmark performance against the average CREST settlement rate for July to September 2027. NOVA is already settling T+1 in production, including for a UK client.
US venues are extending toward near-continuous trading, with Nasdaq targeting a 23-hour, five-day model from December 2026 and DTCC extending clearing to match. A UK desk holding US lines loses the overnight processing window. NOVA runs without one.
Tokenised instruments, crypto transfers and custody workflows are processed on the same ledger as equities, fixed income and derivatives - with a full audit trail, not a separate operational silo.
Agentic exception triage, ML-assisted matching inside the rules and exception engine, and trade-level predictive fail scoring - native to the platform, configurable, and fully audited. Recon error rates already run below 1%.
Straight-through processing achieved
TCO reduction via STP and vendor consolidation
lower labour cost in reconciliation & exceptions
Typical payback on targeted automation
01
Already live in production, including with a UK client.
02
Modernise the operating model without replacing the technology estate.
Modernise the operating model without replacing the technology estate.
03
Growth and new asset classes absorbed on unchanged headcount.
04
Reporting and audit trail generated from the settlement record.
05
Zero upfront fee, modular go-live, no forced rip-and-replace.