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