The new mortgage business significantly increases the scale of this US ARTS installation, already one of the largest ARTS deployments, with a single global system supporting hundreds of users trading in the US, Europe and the Far East.
Mortgage financing in ARTS is supported by the renowned ARTS class-based position management capabilities. This provides traders with summary positions derived from security characteristics - crucial to trading mortgage-backed securities in the US.
Phil Buck, head of Anvil North America commented: "This installation is now our third US client to have an extensive mortgage-backed business trading on ARTS. We're pleased we could respond so effectively to their aggressive expansion plans - but then, that's the Anvil way!"