Multi-market, multi-currency, multi-product, multi-company, exception-based middle and back office processing solution for institutional and retail brokers. Nova provides portfolio and positions management, market making, custody, depot, funds management, cross-border processing, ETC, Swift links, payments and deposits, stock and cash reconciliation, corporate actions, margin trading, stock lending and borrowing, transaction monitoring and reporting, exceptions processing, XML-based interfaces, client data management, trade booking and allocations, settlements (local and international), margin trading, stock borrow lending, corporate actions, accounting. Nova can be provided as a single platform or on a modular basis for specific business requirements.