Provable Labs provides the Aurora platform—a cloud‑native suite that combines Aurora Marketplace™ and Aurora Trade Manager™ to automate securities lending across front, middle, and back‑office functions. The platform offers real‑time order matching, end‑to‑end trade‑life‑cycle automation, and integrated connectivity to clearing houses and custodians via open FIX, REST, and gRPC APIs, reducing manual breaks and counterparty risk for securities lending desks, prime brokers, and asset managers.
Funding
$8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
In securities lending, participants face fragmented workflows across front, middle, and back office functions, leading to slow trade execution, manual post‑trade processing, and elevated counterparty risk. Limited connectivity to clearing services and disparate systems increase operational breaks and regulatory compliance burdens.
Solution
Provable Labs offers the Aurora platform, comprising Aurora Marketplace™ and Aurora Trade Manager™. The Marketplace provides a real‑time automated matching engine that consolidates supply and demand, enabling faster, higher‑volume lending and borrowing. Trade Manager automates the entire trade lifecycle—including returns, marks, rate changes, and recalls—reducing manual breaks and as‑of corrections. Integrated connectivity to clearing houses (NSCC CCP), custodians (DTC, CSD), and third‑party IMS/GL systems streamlines post‑trade processing and supports straight‑through processing. The platform is delivered via a cloud‑native, web‑based UI with open FIX, REST, and gRPC APIs, and includes built‑in alerting, billing, and regulatory reporting to meet FINRA and SEC requirements.
Target Audience
Primary customers are securities lending desks, prime brokers, and asset managers that require integrated front‑to‑back office solutions for trade execution, lifecycle management, and clearing connectivity.
Features
- Real‑time automated order matching engine with consolidated supply and demand
- Parameterized order handling and transaction cost analysis (TCA) with market data integration
- End‑to‑end post‑trade lifecycle automation (returns, marks, rate changes, recalls) with straight‑through processing to custodians and clearing houses
- Integrated alerting, billing, and compliance reporting (FINRA, SEC, 10c‑1a) within a single dashboard
- Multi‑faceted connectivity: NSCC CCP, DTC, CSD, and third‑party IMS/GL integrations via open FIX, REST, and gRPC APIs
- Cloud‑native architecture with SOC II and ISO 27001 compliance for security and scalability
- Modular, continuously deployable components allowing rapid feature enhancements