The Nuvo Prime platform focussed initially on Synthetic Prime Brokerage, providing an end-to-end swaps trading platform which is as intuitive to use as a smartphone app, yet delivers enterprise scale features, functionality and power. It embodies all of our collective knowledge and experience building high-performance swaps systems for global banks.

The platform has been extended well beyond its initial focus on Portfolio Swaps, and now includes full TRS capabilities with support for Index and Basket swaps and a wide range of underlying instrument types.

The platform was designed from the ground-up to harness the power of cloud. The founders of Nuvo Prime having built numerous swaps trading platforms in both on-premises and private cloud deployments, deliberately selected cloud for the Nuvo Prime platform. We did so, knowing the sensitivity of our financial services client base to compliance, reliability, resilience.

Building on its swaps platform capabilities Nuvo Prime has introduced support for Prime Brokerage account management. The platform leverages existing capabilities for corporate action processing, client reporting and customer integration to deliver the core features required to manage a Prime Brokerage business.

Existing features include real-time position management, automated financing calculations, a wide range of activity types (trades, wires, journals etc) and support for UBTI accounts.

Cash Prime Brokerage functionality is a key area of investment for Nuvo Prime and will be delivering major new features over the next 18 months.

Nuvo Prime has created a unified solution for Prime Finance. Targetting the requirements of this business, Nuvo has created a unique platform which brings together a seamless solution for both Synthetic and Cash Prime Brokerage.

With advanced features around corporate action management, swap lifecycle management, client reporting, exception handling and workflow tools the platform delivers a comprehensive set of features to meet the needs of both the front, middle and back office teams.

The platform is backed by Nuvo Prime's global Customer Support team, offering in-region Support with a follow-the-sun model.

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  Time to market

  Customers can hit the ground running with a low-risk, short-term contract for a proof of concept implementation. This enables the customer organisation to gain familiarity with the product and its API whilst finalising the target operating model and the wider integration needs of the firm. With a phased approach to implementation, the system can be production-ready in months rather than years, even in a large, complex, multi-regional organisation.

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  Scalability

  Running natively in cloud, the Nuvo Prime platform meets the needs of mid-market brokers and mini-primes as readily as it can accommodate the network, processing and storage requirements of the largest trading businesses in the world. There is, quite literally, no practical limit to its capabilities whether in terms of compute power, global footprint or storage capacity.

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  Service

  We offer more than a software service, working to establish long-term collaborative relationships with each of our customers. Throughout your journey when selecting the Nuvo Prime platform, our dedicated team is committed to supporting your business needs in the following ways: Application & Technical Support, Product Management and Business Analysis with our global presence. By prioritizing customer relationships and providing comprehensive support, we aim to foster a successful partnership with you.

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  Flexibility

  Adding additional capacity to the Nuvo Prime platform environment takes minutes, not months. Traditional technology deployments are either undersized, limiting your business capacity or sized for peak loads meaning costly hardware mostly stands idle. The technology used by the Nuvo Prime platform ensures that allocated resources are used efficiently, with utilisation rates on allocated virtual machines much higher than in traditional architectures.

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  Value

  The relationship between IT spend and IT output/value is both uncertain and opaque in traditional deployments. By contrast, the Nuvo Prime platform has a simple and transparent pricing model. Priced to flex with the demands of your business, we think it is a compelling value proposition. We provide the support desk coverage, so you will know your IT spend to the penny. And with technology now one of the largest components of line-of-business expense, understanding, managing and driving down IT spend is more important than ever to pre-tax margin.

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  Audit & Compliance

  Nuvo Prime is focussed and commitmented to customer confidentiality and data security and we act according to the highest security standards in the financial service industry. Nuvo Prime is SOC2 Type 2 and SOC1 Type 2 certified. The Nuvo Prime platform is only offered as a single tenant solution, meeting customer expectations around customer confidentiality and data protection. As standard all customer data is enrcypted in transit and and at rest. The platform offers the abillity to integrate with SSO providers and includes a feature rich set of role based entitlement management tools.