Provable Markets operates the Aurora ATS, a secure trading platform that facilitates compliant trading of cash and synthetic equity in a regulated environment. The platform enhances market access and liquidity for participants, addressing the challenges of inefficient trading processes in financial markets.
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
Inefficient trading processes and fragmented systems in securities lending limit market access and liquidity for participants. Manual workflows and lack of automation lead to operational breaks, increased costs, and higher counterparty risk.
Solution
Provable Markets offers the Aurora ATS, a trading and trade management platform designed to streamline securities lending. The platform provides automated matching and execution services, consolidating supply and demand to improve trading efficiency. Aurora Trade Manager automates post-trade lifecycle management, reducing operational breaks and improving straight-through processing. Connectivity to the NSCC CCP service enhances counterparty risk management and expands the counterparty base.
Target Audience
The primary target audience includes institutional lenders and borrowers in the securities lending market, such as hedge funds, asset managers, and broker-dealers.
Features
- Real-time automated matching engine for efficient order execution
- Consolidated marketplace view of supply and demand
- Order parameterization for customized trading strategies
- Automated post-trade lifecycle management (returns, marks, rate changes, recalls)
- Straight-through processing (STP) to CSD infrastructure
- Integrated alerting for proactive issue resolution
- Back office reporting and billing functionalities
- Proprietary and third-party API connectivity (FIX, REST, gRPC)
- DTC and NSCC connectivity
- Cloud-native architecture with SOCII and ISO 27001 compliance
- 10c-1a compliant reporting agent