LONDON, 2nd February 2024
A tech firm run by the former head of prime at RBS claims to have matured to the point that it can now cut the cost of setting up a futures clearing broker by two fifths.
Speaking after Sernova Financial signed CMC Markets as its eighth client last week, Venkatesh Ramasamy, the firm’s executive chairman and founder, said the London-based firm’s outsourced post-trade platform has grown with each new customer.
Full story here: https://news.fow.com/articles/3701403/sernova-cuts-cost-of-new-futures-clearing-broker-by-40-founder
About Sernova Financial
Sernova Financial is an innovative provider of cloud based post-trade financial markets services with a focus on clearing but that also extends into collateral and integrated risk management. Sernova Financial’s solutions lower the barriers to entry for clearing by recreating the shared infrastructure and service elements of traditional clearing brokers. The single platform that supports the full front-to-back management of derivatives and collateral enables clients to benefit from Sernova’s integrated capabilities when becoming a CCP clearing member, reduces operational risk, lowers costs, enables opportunities for capital and liquidity efficiency, all within a well-controlled operational environment.
Contact
info@sernovafinancial.com
+44 (0)203 813 3101