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3 March 2026 I Case Studies I Nova Post Trade

Building an Independent,
Intelligent Post-Trade Engine

How a Leading Singapore Brokerage Reclaimed Control and Future-Proofed Operations with NOVA CMX.

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NOVA CMX · Building an Independent, Intelligent Post-Trade Engine

Executive Overview

A Strategic
Inflection Point

A leading Singapore brokerage, part of a major regional banking group with over three decades of market presence, faced a structural inflection point that demanded decisive action. Following SGX’s exit from post-trade services, the firm could no longer rely on exchange-provided infrastructure to underpin its operations.

The challenge was not simply to replace a system. It was to re-architect the entire post-trade operating model – building a fully autonomous, intelligent, and scalable infrastructure capable of supporting the firm’s next phase of growth across multiple asset classes and regulatory jurisdictions.

The solution selected was NOVA CMX – combining Post Trade, Margin Management, and Corporate Actions in a single unified platform, purpose-built for capital markets.

What the Firm Required

Full independence from exchange-provided post-trade services

Autonomous Post-Trade Infrastructure

Real-time exposure monitoring and dynamic recalculation

Advanced Margin & Risk Capabilities

MAS-aligned reporting, automated audit trails

Embedded Regulatory Compliance

A platform engineered to grow with the business

Scalable Multi-Asset Architecture

Rigid Margin Computation Framework

Legacy margin engines lacked real-time exposure visibility, flexibility across asset classes, and the responsiveness required during periods of acute market volatility. Recalculation cycles were too slow to protect capital effectively. In volatile markets, latency equals risk. Delayed margin calls and stale exposure data translated directly into capital at risk.

Post-Exchange Dependency Risk

With the exchange withdrawing from post-trade services, the firm required full trade lifecycle ownership — encompassing trade capture, settlement, custody, and payments — within a single, independently operated infrastructure. The new infrastructure had to operate not only independently, but intelligently, with automated workflows replacing manual hand-offs at every stage.

Rising Regulatory & Reporting Burden

Operating within Singapore's tightly regulated environment, the firm faced escalating MAS compliance requirements, complex multi-dimensional reporting mandates, and increasing audit scrutiny. Manual reporting workflows were costly, error-prone, and unsustainable at scale. Compliance costs were climbing — and the trajectory was only moving in one direction.

Strategic Challenges

Three Structural Challenges
Demanding Resolution

The firm’s existing infrastructure was ill-equipped for the demands of a post-SGX operating environment. Three distinct structural vulnerabilities required urgent remediation.

The Transformation

NOVA CMX
Measurable Impact at Every Level

The firm implemented three integrated NOVA CMX modules – Post Trade, Margin System, and Corporate Actions – within a unified, API-driven architecture. The result was a transformation in operational performance, risk control, and cost discipline.

This was not merely automation. It was control, speed, and cost discipline engineered into the core of the firm’s operational infrastructure.

Measurable Business Impact

>90%

reduction

Manual Reconciliation Errors

>40%

Reporting Workload

reduction

>50%

faster

Margin Recalculation Speed

>30%

reduction (est.)

Regulatory Reporting Costs

>20%

reduction

Overall OPEX

Faster Response Real-Time Dynamic Margin Intelligence

NOVA CMX enabled real-time exposure monitoring across all accounts and asset classes, with instant margin recalculations and automated alerts at configurable thresholds. Risk management became proactive, not reactive, delivering a 50% faster response to market movements and a strengthened capital protection framework.

>50%

Reduction in Manual Errors

Automated reconciliation across trade capture, settlement, custody, and payments eliminated the manual hand-offs that generated errors. The result: higher processing reliability, lower operational loss risk, stronger internal controls, and significantly improved operational confidence across the back office.

>90%

Reduction in Reporting Effort

NOVA embedded compliance and reporting automation fully aligned with MAS and SGX requirements. Automated audit trails, real-time regulatory reporting, and configurable workflows reduced compliance headcount strain and lowered regulatory reporting costs by an estimated 30%. Compliance became streamlined, scalable, and defensible.

>40%

OPEX Reduction

Consolidating fragmented legacy systems into a single modular platform reduced infrastructure overhead, vendor dependency, and IT maintenance costs. The firm achieved sustainable cost discipline without sacrificing growth capability, a structural improvement to the bottom line, not a one-off saving.

>20%

Business Benefits

Capabilities That Strengthen
Competitive Position

NOVA CMX delivered measurable improvement across four dimensions critical to the firm’s risk posture, regulatory standing, and long-term operational efficiency.

Platform Architecture

NOVA CMX Engineered for Adaptability

Unlike rigid legacy vendors, NOVA CMX is purpose-built for the realities of a dynamic capital markets environment – modular, configurable, and future-proofed by design.

NOVA CMX provides the operational backbone for faster risk decisions, lower cost structures, regulatory resilience, and scalable multi-asset growth, all from a single unified platform.

Deploy only what is required: Post Trade, Margin, Corporate Actions, Securities Lending, RPA, E-invoicing, Digital Assets, or more. Add capability as the business evolves, without rearchitecting the core.

Modular by Design

Parameter-driven workflows, flexible margin models, and dynamic rule configuration reduce reliance on custom coding and accelerate change management across the organisation.

Highly Configurable

Seamless fintech integrations, cloud-ready deployment, multi-asset class expansion, and cross-border connectivity. Infrastructure no longer limits innovation, it enables it.

API-Driven Connectivity

Built to absorb market volatility spikes, settlement cycle acceleration, increasing regulatory complexity, multi-asset expansion, and digital transformation, without disruption to core operations.

Future-Proofed

The case of this Singapore brokerage illustrates a principle that is increasingly relevant across Asia-Pacific’s capital markets: post-trade infrastructure is no longer a back-office concern, it is a strategic asset.

When post-trade infrastructure is intelligent, automated, and genuinely adaptable, the compounding effects across the organisation are transformative. Risk reduces. Costs compress. Productivity expands. And strategic flexibility, the capacity to move faster, enter new markets, and absorb regulatory change without operational disruption, increases markedly.

The firm did not simply modernise its operations. It reengineered its competitive advantage from the ground up, positioning itself to lead, not follow, as the region’s capital markets landscape continues to evolve.

Executive Takeaway

More Than Modernisation
A Competitive Advantage Reengineered

Capital Markets - Engineered
for Control, Speed, and the Future.

NOVA CMX delivers the unified post-trade infrastructure that Asia-Pacific’s leading brokerages and banks require to operate with confidence, compete with agility, and grow without constraint.

Operational
Control

Full trade lifecycle ownership with automated reconciliation and real-time oversight

Speed
at Scale

Real-time margin intelligence and instant recalculation during peak volatility

Regulatory
Resilience

MAS-aligned reporting automation and configurable compliance workflows built in by default

Future-Ready
Growth

Modular architecture and API-driven connectivity that scales with your strategic ambitions

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