Introducing Aurora

Benefit from execution vertically integrated directly into the clearance and settlement for bilateral and cleared SBL

Aurora is a cloud-native SEC Registered Alternative Trading System (ATS) that digitizes securities lending workflows, delivering execution optimization, operational efficiencies and risk reduction across the value chain.

  • Regulated DTCC SFT Clearing Service access

    Provides full-service NSCC members and sponsored firms with the only regulated access to the DTCC SFT Clearing Service for securities lending.

  • Automated, optimized workflows

    Digitalized, real-time securities lending processes eliminate bifurcated, cumbersome trading workflows, improving efficiency and reducing operational risk.

  • Seamless integration

    Easily connect applications and integrate with existing market infrastructure, including FIS Securities Lending Processing Platform.

Get Started

Advance securities lending with Aurora

Discover the flexibility provided by utilizing the only regulated access point to the DTCC SFT Clearing Service.

    • Reduce Risk Weighted Assets (RWA) to 2% by facing NSCC as a single counterparty

    • Net down balance sheet at asset level and at client level

    • Gain potential efficiencies to Basel III ratios and other Regulatory Capital considerations

    • Reduce risk of trade breaks and unnecessary operational oversight

    • Offset cash payables and receivables with daily pair-off of settlements against new activity

    • Minimize requirements for monthly reconciliation and billing with daily PnL accounting

    • Eliminate the need for GMSLAs, ALDs, and Indemnifications

    • Benefit from broader access to collateral and cash liquidity through novation to the NSCC as the central counterparty

    • Explore new business models for institutional clients’ securities lending activity with Sponsored Access

Provable Markets, together with FIXSpec, has published the first industry-standardized (FIX) protocol for securities lending.

A new standard for integration

Technology should make your life easier and ensure more equitable market access for everyone—without a high financial or technical barrier. That’s why we designed Aurora with flexibility and efficiency in mind, offering multiple access and integration levels, from ad-hoc trading to fully automated inventory management and execution.

Subscribers benefit from:

  • A cloud-native UI dashboard

  • Backward compatible integration with existing market infrastructure for STP

  • API integration via FIX, REST, or other preferred protocols

Ready to learn more about Aurora?

Securities lending has moved beyond the days of spreadsheets and phone calls. Discover how Aurora can transform your securities lending workflow and improve your business.