Sernova Financial is a UK based entity founded in 2015 by industry experts, Venkatesh Ramasamy and Richard Thompson, in response to the mounting business complexity surrounding post-trade services.
The clearing market is affected by significant changes including reduced capacity, increased clearing fees and uncertainty of market access.
Sernova Financial is a provider of innovative, turnkey solutions that lower the barriers to entry for end users and regional banks looking to become a clearing member or clearing broker.
Utilising proven technology from market leader Calypso Technologies, Sernova Financial’s service platform recreates the shared infrastructure and service elements of a traditional clearing broker, providing clients with a faster route to market and a lower total cost of ownership than traditionally experienced with in-house or third party solutions.
By providing access to multiple Central Counterparty Clearing Houses (CCPs), Sernova Financial’s cloud based services platform will enable local banks to “self-clear” and where appropriate, allowing them to service franchise clients through domestic and global CCPs. For clients who continue to favour the traditional operating model, Sernova Financial creates a normalised view across clearing brokers to simplify integration, provide support and analytical tools.