It is a well-established industry fact that the vast majority of Insider Trading (PIT) compliance breaches stem from delayed trade reporting—most notably by dependents. These delayed filings generate a mountain of false positives that clutter compliance systems, obscuring genuine, high-risk violations. Compounding the problem, non-Designated Persons often trigger reporting obligations without realizing it.

NOVUS PIT solves this at the root level. Built with six comprehensive layers of automated reconciliation, the system removes the burden from employees and their dependents so they never have to rely on memory to remain compliant:
  • Account Aggregator (AA) Integration: Enables real-time, automated fetching of financial account data with full user consent.
  • NSDL / CDSL eCAS Upload: Automates the ingestion of Consolidated Account Statements for seamless cross-verification.
  • Registrar Feeds for Mutual Funds: Direct integrations with RTAs (like CAMS and KFintech) to track mutual fund holdings effortlessly.
  • BENPOS File Reconciliation: Continuous alignment with Beneficiary Position data provided by depositories.
  • NSE / BSE Market Surveillance Feeds: Real-time exchange data integration to capture and cross-check trading activity instantaneously.
  • Direct Broker Feed Integrations: Pre-built connectivity across 8 major brokerages to auto-populate executed trades.

Together, these mechanisms ensure that if a trade occurs, it is captured immediately—eliminating reporting delays before they turn into regulatory red flags.

Built from Real-World Experience
While competitor vendors often claim they can integrate these feeds, execution in practice is far more complex. Take our Account Aggregator module: it includes a dedicated, purpose-built dashboard that gives Compliance Officers complete visibility into consent status across the organization—showing exactly who has provided consent, who has pending requests, and who requires follow-ups.

Reaching this level of refinement requires years of hands-on experience. As the first platform in the market to launch AA integration, our early adopters originally navigated two separate interfaces—one for AA consent and another for NOVUS PIT. Recognizing that this was far from seamless, we engineered a fully integrated, unified AA dashboard and rolled it out free of charge to all existing clients.

For the pioneering compliance leaders willing to go the extra mile to automate insider trading compliance and honor the law in both letter and spirit, NOVUS PIT remains committed to delivering the robust infrastructure needed to support that endeavour.