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PeerNova Joins Financial Information eXchange (FIX) Trading Community

By Sonia Chopra  |   18 Dec, 2018  |  Published in Press Release,

San Jose, CA – December 18, 2018 – PeerNova Inc. (PeerNova), the leading DLT and Big Data solution provider, announced today that it has joined the FIX Trading Community.  The FIX Trading Community is a non-profit, industry-driven standards body at the heart of global financial trading.

“We are excited to join the FIX Trading Community,” said Mark Jennis, PeerNova’s Global Head of Customer Engagement. “By utilizing the open-source FIX Protocol, we ensure that the PeerNova Cuneiform® Platform will continue to meet current and emerging trading communications requirements in the pre and post-trade processing space.”

The FIX standard is owned and maintained by its trading community members which include some of the world’s leading financial institutions.  The FIX Protocol language was initially developed to support equities trading in the pre-trade space but is now experiencing accelerated expansion into the post-trade environment by supporting Straight-through Processing (STP), from Indications of Interest (IOI) to allocation and confirmation.  

The Cuneiform Platform utilizes Big Data components along with blockchain-based DLT to brings front-to-back operational visibility in real-time, automated reconciliation, transactional state-tracking, non-repudiation of data, and Event Lineage™ to large financial institutions.

 

About PeerNova, Inc.

PeerNova is a Silicon Valley technology company founded in 2013 by veteran entrepreneurs with expertise in financial technology, distributed systems, and Big Data.  PeerNova enables financial institutions around the world to securely and verifiably manage their data and address their challenges with post-trade processing, reconciliation, and compliance using a blockchain-based Distributed Ledger Technology (DLT) solution. For more information about PeerNova and its Cuneiform® Platform, please visit https://peernova.com.  

 

Media Contact:

Navid Jafari
Director of Marketing and Communications
PeerNova, Inc.
navidj@peernova.com

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