
Sernova Financial Cuts Cost of New Futures Clearing Broker by 40%
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...
“Instead of building that full enabling capability ourselves, we partnered with Sernova — a cloud-based derivatives clearing provider. We could come to market quickly because we were awarded access to the clearing house, but we didn’t have to construct all the capabilities from scratch.”
Stephen Linnell, RMB’s Chief Technology and Operating Officer for the Markets Business