NowHouse
NowHouse is a modern post-trade processing platform for stock brokerages, offering a high-performance ledger API and AI-driven trade reconciliation to streamline settlement processes.
https://www.nowhouse.io/
Product Information
Updated:Aug 15, 2024
What is NowHouse
NowHouse is a fintech startup founded in 2024 that aims to revolutionize post-trade processing for stock brokerages. It provides a suite of tools including a high-throughput ledger API and an AI-powered trade reconciler. The company's vision is to become the de facto system of record for broker-dealers and regulators, handling the 3 trillion shares traded daily in the U.S. market. NowHouse is designed to address the challenges of trade settlement and reconciliation using modern technology and artificial intelligence.
Key Features of NowHouse
NowHouse is a modern post-trade processing platform for stock brokerages, offering a ledger API and AI-driven trade reconciler. It provides high-throughput, low-latency transactions with multi-region cloud hosting, double-entry accounting, immutable backups, and flexible schema customization. The platform aims to simplify post-trade operations, enhance data security, and ensure regulatory compliance.
High-Performance Ledger API: Offers blazing fast reads and writes with multi-region cloud hosting for high availability.
AI-Driven Trade Reconciliation: Utilizes AI to propose trade reconciliations under various objective functions, learning from user choices.
Customizable Ledger System: Allows creation of transaction templates, definition of asset classes, and addition of custom ledgers.
Robust Security and Compliance: Implements double-entry accounting, immutable backups, and meets SOC 2, SEC Rule 17, and FINRA Rule 4511 compliance standards.
Real-Time Portfolio Tracking: Provides intraday charts and granular visibility into trader positions and portfolio values.
Use Cases of NowHouse
Brokerage Firm Operations: Streamline post-trade processing and maintain accurate records of all transactions and positions.
Regulatory Compliance: Easily generate audit-ready reports and maintain compliant records for regulators and auditors.
Trader Analytics: Offer traders detailed insights into their positions, buying power, and portfolio performance.
Multi-Asset Management: Handle diverse asset classes with customizable ledgers for equities, IRAs, and specialized investment strategies.
Pros
Advanced technology with AI-driven reconciliation
Highly scalable and customizable platform
Strong focus on security and regulatory compliance
Cons
Relatively new company, potentially lacking long-term track record
May require significant integration effort for existing systems
How to Use NowHouse
Contact NowHouse: Reach out to NowHouse via their contact form or email to inquire about their services and discuss your brokerage's specific needs.
Set up ledgers: Work with NowHouse to create custom ledgers for your firm's different accounts and asset classes using their flexible schema system.
Integrate the Ledger API: Implement NowHouse's Ledger API into your existing systems to start tracking transactions and maintaining a scalable source of truth.
Configure transaction templates: Set up transaction templates and define asset classes within the NowHouse system to match your brokerage's needs.
Enable real-time tracking: Utilize NowHouse's features to track trader funds, deposits, and transaction progress in real-time.
Set up trader dashboards: Configure intraday charts and portfolio value tracking for your traders using NowHouse's granular data capabilities.
Implement compliance features: Ensure your data is stored compliantly and securely using NowHouse's built-in regulatory compliance and security features.
Conduct reconciliations: Use NowHouse to reduce and simplify reconciliations against your custodian's daily snapshot files.
Ongoing support: Continue to work with NowHouse for support, updates, and to refine your post-trade processing as your brokerage's needs evolve.
NowHouse FAQs
NowHouse is a company building modern post-trade processing software for stock brokerages, starting with an AI-driven trade reconciler. Their goal is to become the system of record for broker-dealers and regulators for stock trades in the U.S.
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Analytics of NowHouse Website
NowHouse Traffic & Rankings
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Traffic Trends: Jul 2024-Nov 2024
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Top Regions of NowHouse
Others: 100%
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