Nuvo Prime
Andrew Bain is a seasoned consultant and co-founder with extensive experience in the equity and synthetic prime brokerage market. As co-founder of Nuvo Prime since April 2016, Andrew has focused on delivering scalable, low-cost SaaS products. Prior roles include technical architect positions for the SwapOne platform at IHS Markit and PrimeOne Solutions, as well as technical lead roles for various trading platforms at Scotiabank, Daiwa Capital Markets Europe Ltd, and Citi. Andrew's career in financial technology began at Salomon Brothers/Citigroup and includes foundational work on multiple equity portfolio swaps trading systems. Andrew holds a B.Sc. in Electrical Engineering from the University of the Witwatersrand.
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Nuvo Prime
Traditional technology solutions present multiple challenges to the enterprise. Building bespoke software, provisioning internal hardware, and operating production systems front to back is at best costly and time-consuming. At worst, the scalability limits of traditional architectures impose a hard limit on the ability of a Prime Broker to do business. SLA breaches can be an ongoing headache, and even the best in-house teams struggle to balance the demands of adding new features, meeting compliance deadlines, and just keeping the lights on. Solutions which a few years ago would have been considered bleeding edge are now part of mature production systems. The growth of commodity, cloud-based hosting services such as Amazon Web Services and Microsoft Azure make it possible to be agile and cost-efficient as never before, without compromising confidentiality and security. At Nuvo Prime we use technologies such as sharded databases, scalable caches, containerisation, and dynamic creation of secure private networks of servers in the cloud to deliver unparalleled performance at a significant cost saving over self-hosted traditional architectures.