NowHouse Introduction
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.
View MoreWhat 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.
How does NowHouse work?
NowHouse's platform centers around its ledger API, which offers high-speed, low-latency reads and writes with multi-region cloud hosting. This allows brokerages to maintain a scalable and flexible source of truth for their transactions. The system supports custom ledgers for different asset classes and strategies. Additionally, NowHouse employs an AI-driven trade reconciler that learns from human operators. It proposes reconciliations under various objective functions to trading ops teams, learns from their choices, and then emulates their reconciliation processes. This approach combines the efficiency of automation with the nuanced decision-making of experienced professionals.
Benefits of NowHouse
By using NowHouse, brokerages can significantly streamline their post-trade processes, reducing the time and resources required for reconciliations. The platform's high performance and flexibility allow firms to maintain accurate, real-time records of all transactions. This improves traders' visibility into their positions and portfolio values, enabling more informed decision-making. The system's compliance with regulatory standards (including SOC 2, SEC Rule 17, and FINRA Rule 4511) ensures that firms are always audit-ready. Furthermore, the AI-driven reconciliation process can potentially reduce errors and increase efficiency in trade settlement, ultimately leading to cost savings and improved operational performance for brokerages.
Popular Articles
Claude 3.5 Haiku: Anthropic's Fastest AI Model Now Available
Dec 13, 2024
Uhmegle vs Chatroulette: The Battle of Random Chat Platforms
Dec 13, 2024
12 Days of OpenAI Content Update 2024
Dec 13, 2024
Best AI Tools for Work in 2024: Elevating Presentations, Recruitment, Resumes, Meetings, Coding, App Development, and Web Build
Dec 13, 2024
Latest AI Tools Similar to NowHouse
MarketYap!
MarketYap! is an AI-powered investment news aggregation platform that simplifies stock research by gathering and summarizing articles from multiple reputable sources.
Feetr.io
Feetr.io is an AI-powered stock analysis platform that leverages machine learning, social media analytics, and real-time market data to identify potential stock movements before they go mainstream.
ML Alpha
ML Alpha is an AI-driven investment platform that combines machine learning algorithms with community-powered portfolio insights to help investors make data-driven investment decisions in the US stock market.
TradingAPI.rest
TradingAPI.rest is a comprehensive trading platform that provides Technical Analysis API and AI-Powered Trading Assistant to help traders make data-driven decisions through real-time market analysis, 180+ technical indicators, and natural language insights.
Popular AI Tools Like NowHouse
FinChat.io
FinChat.io is an AI-powered investment research platform combining institutional-grade financial data, analytics, and conversational AI to provide comprehensive insights for investors.
ChainGPT
ChainGPT is a cutting-edge AI platform that integrates blockchain and crypto technology to provide advanced tools and utilities for users.
MacroMicro
MacroMicro is a comprehensive macro analytics platform that combines technology and research expertise to empower investors with data-driven insights into global market trends.
Morpher AI
Morpher AI is an AI-powered market analysis tool that provides real-time insights on stocks, cryptocurrencies, and other financial markets to help users make informed trading decisions.
View More