San Jose, CA – January 16, 2019 – PeerNova Inc. (PeerNova), a leading DLT and Big Data solution provider, announced today that it has joined the International Swaps and Derivatives Association, Inc (ISDA ®). ISDA promotes sound risk management practices and processes and engages constructively with policymakers and legislators around the world to advance the understanding and treatment of derivatives as a risk management tool.
“We are delighted to join the ISDA community at such a critical juncture for the derivatives industry,” says Mike Radocchio, Head of Customer Success. “As a DLT platform aiming to reduce friction in the financial markets, PeerNova fully supports the standardization efforts undertaken by ISDA to help usher in a new era of common process and consistent post-trade infrastructure.”
ISDA has more than 900 member institutions from 69 countries. These members comprise a broad range of derivatives market participants, including corporations, investment managers, government and supranational entities, insurance companies, energy and commodities firms, and international and regional banks. In addition to market participants, members also include key components of the derivatives market infrastructure, such as exchanges, intermediaries, clearing houses and repositories, as well as law firms, accounting firms and other service providers.
“We are excited to help implement and drive adoption of the ISDA Common Domain Model, a game-changing standard that unlocks the potential of distributed technologies and next-generation post-trade derivatives infrastructure”, says Pravin Halady, Head of Product. “PeerNova’s Cuneiform® Platform is ideally suited to support the ISDA CDM™. Cuneiform has built-in support for definition and at-scale processing of trade events in a variety of DLT topologies across different asset classes, using a self-serve model.”
About PeerNova, Inc.
Founded in 2013, PeerNova combines the expertise of financial industry veterans with the technical aptitude of Silicon Valley innovators to enable financial institutions around the world to solve some of their most prevalent challenges around post-trade processing. PeerNova’s Cuneiform Platform is a blockchain-based Distributed Ledger Technology (DLT) solution purpose-built for reducing friction both within and in-between financial institutions that execute high-value transactions in multiple asset classes, involving complex multi-party workflows and large datasets. For more information, please visit https://peernova.com.
Media Contact:
Navid Jafari
Director of Marketing and Communications
PeerNova, Inc.
navidj@peernova.com
