What Nuvo Prime does

Nuvo Prime is a privately held, UK-domiciled (Nuvo Prime Ltd) fintech that builds a cloud-native platform unifying equity swaps and cash prime brokerage workflow for the prime finance industry. The platform supports synthetic prime brokerage, portfolio swaps, total return swaps (TRS) with index and basket swaps, real-time position management, automated financing calculations, corporate action processing, client reporting, and exception handling with four-eyes controls. It is purpose-built for cloud from the ground up, deployed on AWS (with Microsoft Azure as a secondary cloud), uses sharded databases, scalable caches, containerization, and Elasticsearch-powered flexible querying, and is offered as single-tenant software with SOC2 Type 2 and SOC1 Type 2 certifications, encryption in transit and at rest, SSO integration, and role-based entitlement management.

The company targets large and small prime finance businesses — investment banks, hedge funds, and mid-market brokers — through an enterprise field-sales motion that begins with a proof-of-concept implementation under low-risk, short-term contracts and progresses through phased deployment to production readiness within months. Customers include dedicated Application & Technical Support, Product Management, and Business Analysis resources, with follow-the-sun support delivered from offices in London (headquarters), Singapore, and Canada. Revenue is generated through a usage-based SaaS subscription that bundles application and infrastructure costs into a single number, declining asymptotically with transactional volume and converging toward wholesale cloud resource cost at high scale.

Nuvo Prime is founder-owned with no disclosed institutional funding, no parent entity, and headcount in the 1–10 range. It was founded in 2015 by Andrew Bain and Claire Young (joint CTOs) with backgrounds building swaps and commodities trading systems for global banks, and was operationally scaled in 2017 with the addition of COO Nick Jarrett (ex-Citi Global Head of Prime Finance PM, founder of Ivaldi Capital) and General Counsel James Cunningham (ex-BofA Merrill Lynch, Clifford Chance-trained). The platform launched in 2017, and the company has since pursued geographic expansion, hyperscaler alignment with AWS, and thought-leadership content marketing around cloud adoption in financial services.

Name

Nuvo Prime

Legal name

Nuvo Prime Ltd

Website

https://nuvo-prime.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Short description

Nuvo Prime is a UK-based, privately held fintech that provides a cloud-native SaaS platform unifying equity swaps and cash prime brokerage workflows for investment banks, hedge funds, and mid-market brokers, delivered as single-tenant infrastructure on AWS with SOC2/SOC1 certifications.

Ownership category

akta.pro rank

Product category

Prime Brokerage Software

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Finance Services (6199), Services-Computer Processing & Data Preparation (7374)

akta.pro primary industry

Equity Swaps & Synthetic Prime Brokerage (TRS/CFDs) (FSACAFAE)

akta.pro secondary industry

Prime Brokerage (FSAEACAD)

Keywords

• Equity swaps trading
• Prime brokerage software
• Cloud-native fintech
• Securities finance platform
• TRS lifecycle management

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Software-as-a-Service (SaaS) Subscription: The Nuvo Prime platform uses a software-as-a-service model with subscription fees that include both application costs and infrastructure charges. The pricing model is a single number that flexes with the volume of business, declining asymptotically as a function of rising transactional volume. At high volumes, marginal price converges on the wholesale cost of network, compute, storage and archive resources. Costs are strictly variable and fully transparent.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels2 records

Core offering

Nuvo Prime provides a unified, cloud-native prime finance platform that consolidates equity swaps trading and cash prime brokerage workflow into a single SaaS application. The platform supports Synthetic Prime Brokerage, Portfolio Swaps, Total Return Swaps (TRS) with Index and Basket swaps, real-time position management, automated financing calculations, corporate action processing, and client reporting for prime finance businesses.

Product overview

Nuvo Prime offers a unified prime finance platform architecture centered on the Nuvo Prime Platform, which comprises three integrated components: the Swaps module for Synthetic Prime Brokerage and TRS capabilities, the Cash Prime module for cash prime brokerage account management, and the Unified Solution that brings both synthetic and cash prime brokerage together into a single seamless platform. The platform is cloud-native, designed for scalability, and delivers enterprise-grade features for front, middle, and back office teams.

Differentiator

Problem solved

Functional benefit

Products and services

• Nuvo Prime Platform The Nuvo Prime Platform is a cloud-native, secure, resilient, high-performance Prime Finance SaaS application that unifies equity swaps and cash prime brokerage trading workflow. It delivers enterprise-scale features for Synthetic Prime Brokerage, Portfolio Swaps, TRS with Index and Basket swaps, prime brokerage account management with real-time position management, automated financing calculations, corporate action processing, client reporting, exception handling with four-eyes controls, and Elasticsearch-powered query capability. It is sold to large and small prime finance businesses including investment banks, hedge funds, and financial institutions.

Quantifiable outcome

• System can be production-ready in months rather than years, even in large, complex, multi-regional organisations
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

One partnership is on record.

• Amazon Web Services (AWS)coreTechnology or IntegrationNuvo Prime runs its flagship swap trading platform on AWS cloud infrastructure. AWS provides the underlying compute, storage, network, and archive resources that power the platform. AWS has well over a million active users and serves organisations across corporate, governmental, and healthcare sectors. AWS is configured to comply with security, data residency, and record-keeping requirements specific to financial services firms, meeting requirements of SEC Rule 17a-4(f), FINRA Rule 4511, and CFTC Regulation 1.31.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Itiviti (now part of Broadridge): Trading infrastructure and connectivity provider with prime brokerage and securities lending capabilities. Now part of Broadridge but historically competed in the same institutional trading technology stack as Nuvo Prime.
• Murex: Capital markets platform with front-to-back prime brokerage and derivatives modules. Targets the same large investment-bank buyer set as Nuvo Prime but as part of a much wider cross-asset trading and risk platform.
• Finastra: Capital markets and treasury platform vendor serving investment banks and buy-side institutions with trading, lending, and securities finance capabilities. Overlaps with Nuvo Prime's prime finance and equity swaps focus at the institutional buyer.
• Eze Software (SS&C Eze): Order management, execution, and portfolio management platform (part of SS&C) used by buy-side firms. Adjacent competitor in the trading workflow stack Nuvo Prime addresses, particularly for the hedge fund segment.
• Broadridge Financial Solutions: Large financial technology vendor with extensive capital-markets infrastructure including post-trade, securities processing, and trading connectivity (via Itiviti acquisition). Competes with Nuvo Prime at the prime brokerage infrastructure layer but across a much broader product portfolio.
• FIS (Fidelity National Information Services): Large financial technology provider with capital markets and securities processing capabilities. Addresses adjacent buyer needs (post-trade, custody, processing) to the prime brokerage workflow Nuvo Prime targets.
• ION Group: Owns multiple capital-markets technology vendors (including Fidessa, Sophis, and Markit) covering trading, prime brokerage, and securities finance. Competes via breadth of acquired platforms, in contrast to Nuvo Prime's single integrated cloud-native stack.

Emerging players

• Genesis Global: Cloud-native capital markets technology platform serving hedge funds, banks, and trading firms. Shares Nuvo Prime's greenfield cloud-native approach and is a credible emerging competitor in modernising capital markets infrastructure.

Direct peers

• Calypso Technology: Provides prime brokerage, collateral management, and securities finance platforms to global banks. Directly comparable in product scope (TRS/swaps, cash prime, financing) to Nuvo Prime, though with a more established (and historically on-premises) installed base.
• Imagine Software (ION): Securities finance, derivatives, and prime brokerage technology vendor (part of ION Group). Direct functional overlap with Nuvo Prime's equity swaps and cash prime brokerage modules.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/octabrain

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nuvo Prime