Sernova Financial joins FIA Tech’s Databank Network
13 January 2025 UK
Image: Summit Art Creations/stock.adobe.com
Sernova Financial, a leading provider of outsourced post-trade clearing processes for financial services, has joined the FIA Tech Databank Network and will be integrating FIA Tech’s exchange fees, cross reference symbology and core contract specifications data including position limits into its client offering.
Sernova Financial will be the first outsourcing provider to join the Databank Network.
The Databank Network is FIA Tech’s interoperable global network to simplify the use of reference data, analytics and software solutions, says the firm.
It brings together independent software vendors (ISVs), exchanges, clearing houses and other technology providers and unifies reference data from over 80 exchanges and central counterparties (CCPs), leading index providers and data vendors.
Andrew Castello, vice president, head of Client Operations at FIA Tech, comments: “FIA Tech constantly strives to offer value to our clients and building out the Databank Network forms part of that strategy. Data is the foundation of many trading strategies and having access to key data is vital for our clients.”
Richard Thompson, COO of Sernova Financial, states: “Our expansion into the exchange traded space is progressing rapidly and it is vital that we can provide our buy side and sell side community access to key exchange traded derivatives data metrics. Joining the Databank Network is a vital part of that.”
Sernova Financial will be the first outsourcing provider to join the Databank Network.
The Databank Network is FIA Tech’s interoperable global network to simplify the use of reference data, analytics and software solutions, says the firm.
It brings together independent software vendors (ISVs), exchanges, clearing houses and other technology providers and unifies reference data from over 80 exchanges and central counterparties (CCPs), leading index providers and data vendors.
Andrew Castello, vice president, head of Client Operations at FIA Tech, comments: “FIA Tech constantly strives to offer value to our clients and building out the Databank Network forms part of that strategy. Data is the foundation of many trading strategies and having access to key data is vital for our clients.”
Richard Thompson, COO of Sernova Financial, states: “Our expansion into the exchange traded space is progressing rapidly and it is vital that we can provide our buy side and sell side community access to key exchange traded derivatives data metrics. Joining the Databank Network is a vital part of that.”
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