Quartet Financial Systems in London moves into new offices as demand for their component software, ActivePivot and ActiveStream, quickens

Quartet Financial Systems today announced it has moved to larger offices in London to handle the increased demand for their component software. There has been much interest in the ActivePivot component in particular, as true intra-day real-time, flexible, and slice & dice reporting for risk, P&L, positions, and/or VaR has become more of a requirement for the trading room and middle office due to regulatory issues as well as to help increase productivity/profitability.

A new Quartet London office was secured - located at 43 Eagle Street, London WC1R 4AT - to house the number of new hires which have recently taken place. Xavier Bellouard, founder and Managing Director at Quartet London says, "As demand for our ActivePivot component increased, we naturally had to provide more development and support for our clients to maintain and grow the special features, specifically designed for trading room environments, inherent in our object-based, real-time, OLAP software. To this end, we have had to recently hire more business and technical expertise which will only add value to our client offerings. Having a new and larger office like this was a necessity."