NowHouse builds software that helps stock brokerages settle trades instantly by reconciling trades and corporate actions using AI-powered ledger API.
Brokerages face manual, inefficient trade reconciliation processes across high volumes of equity and options trades, exacerbated by T+1 settlement requirements and brittle automations.
Brokerages face manual, inefficient trade reconciliation processes across high volumes of equity and options trades, exacerbated by T+1 settlement requirements and brittle automations.
AI-powered ledger API that preprocesses trading data, intelligently reconciles trades and corporate actions with configurable constraints, and maintains real-time, immutable records for brokerages.
AI-powered ledger API that preprocesses trading data, intelligently reconciles trades and corporate actions with configurable constraints, and maintains real-time, immutable records for brokerages.
Appears active as of April 2024 based on CB Insights profile and research brief.
Appears active as of April 2024 based on CB Insights profile and research brief.
NowHouse is a financial technology company offering a ledger API tailored for brokerages. It focuses on real-time transaction recording for securities including stocks, ETFs, and options, featuring double-entry accounting and immutable backups. The platform supports schema flexibility to meet brokerage needs in post-trade processing.
NowHouse provides a real-time transaction recording system designed specifically for the fintech brokerage sector. This includes intelligent reconciliation of trades and corporate actions for back-office trading operations teams. By preprocessing and normalizing trading datasets with AI, it applies context-appropriate objective functions and configurable constraints to generate reliable reconciliations. This addresses manual processes that are common across broker-dealers.
In the US financial system, equity and options trades undergo multiple netting and reconciliation steps at various levels, from introducing brokers to clearing brokers and custodians like the DTC. Traditional methods rely on manual efforts or brittle automations such as cron jobs, which struggle with high volumes of trades. NowHouse preprocesses data using AI to enforce heuristics like transaction adjacency, reducing the need for exhaustive manual searches.
NowHouse is a financial technology company offering a ledger API tailored for brokerages. It focuses on real-time transaction recording for securities including stocks, ETFs, and options, featuring double-entry accounting and immutable backups. The platform supports schema flexibility to meet brokerage needs in post-trade processing.
NowHouse provides a real-time transaction recording system designed specifically for the fintech brokerage sector. This includes intelligent reconciliation of trades and corporate actions for back-office trading operations teams. By preprocessing and normalizing trading datasets with AI, it applies context-appropriate objective functions and configurable constraints to generate reliable reconciliations. This addresses manual processes that are common across broker-dealers.
In the US financial system, equity and options trades undergo multiple netting and reconciliation steps at various levels, from introducing brokers to clearing brokers and custodians like the DTC. Traditional methods rely on manual efforts or brittle automations such as cron jobs, which struggle with high volumes of trades. NowHouse preprocesses data using AI to enforce heuristics like transaction adjacency, reducing the need for exhaustive manual searches.
Total Raised: $500K
Last Round: Convertible Note
Total Raised: $500K
Last Round: Convertible Note
SaaS subscription for brokerages
SaaS subscription for brokerages
Stock brokerages and trading operations teams
Stock brokerages and trading operations teams
Mentioned in CB Insights research brief on Apr 11, 2024.
Hiring: unknown
Mentioned in CB Insights research brief on Apr 11, 2024.
Hiring: unknown
Recent regulatory changes shortening the trade settlement cycle from T+2 to T+1 underscore the importance of accurate books and records. Efficient reconciliation is essential for compliance in this faster environment. NowHouse positions itself to maintain current records, potentially handling responsibilities like CAT reporting for brokerages.
Recent regulatory changes shortening the trade settlement cycle from T+2 to T+1 underscore the importance of accurate books and records. Efficient reconciliation is essential for compliance in this faster environment. NowHouse positions itself to maintain current records, potentially handling responsibilities like CAT reporting for brokerages.
The company aims to serve as the de facto system of record for brokerage firms and regulators on the substantial volume of shares traded annually in US markets. Its initial focus is on helping brokerage back offices reconcile against clearinghouses, with broader post-trade processing capabilities.
The company aims to serve as the de facto system of record for brokerage firms and regulators on the substantial volume of shares traded annually in US markets. Its initial focus is on helping brokerage back offices reconcile against clearinghouses, with broader post-trade processing capabilities.
NowHouse caters primarily to the brokerage industry, enabling trading operations teams to handle reconciliations more effectively. Features support matching trades across upstream firms, partial fills, and settled positions, streamlining workflows in a sector with thousands of daily reconciliations per firm.
NowHouse caters primarily to the brokerage industry, enabling trading operations teams to handle reconciliations more effectively. Features support matching trades across upstream firms, partial fills, and settled positions, streamlining workflows in a sector with thousands of daily reconciliations per firm.
