Anvil Software Ltd, the financial software specialists, today announced that NIB Capital NV has bought the Anvil Repo Trading System, ARTS.
The sale means Anvil has two new Dutch banks as ARTS users this year. ARTS is already used in Holland at ABN-Amro, Rabobank and most recently Fortis Bank.
NIB Capital has recently set up a repo desk to take advantage of the increasing demand in the repo market. They wanted the best system available to help them capitalise on this new venture.
One of the traders used ARTS in a previous company and had always been very impressed with it. After looking at the systems available on the market, the choice was simple. ARTS stood clear of the competition. He felt the excellent reputation that ARTS has was well deserved.
The IT Project Manager at NIB Capital NV reported that he was extremely impressed by Anvil and the team responsible for the installation and that the whole process was going very smoothly. The traders were very happy with ARTS, as were the IT Department.
Malcolm Clark, Director and Strategist at Anvil commented, “ARTS was the only repo system that could do everything they wanted it too. NIB are very keen to see the securities lending module available later this year as they expand their lending operations into equities. We will be demonstrating the new securities lending functionality at the ISLA/RMA Conference in Rome, later in April.”
For more information contact:
Alison Robb on Tel: 020 7749 7930 or [email protected]
Anvil Software Ltd
Anvil Software supplies front-office trading systems for the world’s leading investment banks and financial institutions. Anvil has offices in London and Sydney. Anvil's main products:
· Denarius, a global cross-product trading system. The Denarius system consists of Trade Capture, Position Management, Risk Management and Pricing functionality for a broad range of traded products such as: Bonds, Money Markets, Repo, F/X, Futures, Swaps and other Derivatives.
· The Anvil Repo Trading System (ARTS), the most popular third-party front-office system for international repo. ARTS entered the repo and securities lending markets with a fresh approach to trade capture and position keeping. ARTS is a global, real-time trading system, has a rich set of reporting tools and unbeatable levels of flexibility and reliability. ARTS is used in all the major markets across five continents. With Equity functionality being added, ARTS is the best Total Collateral Management System available.
· Anvil Carry, The Cost of Carry allocation system. The Anvil Carry system provides traders, management and accountants with accurate and timely cost of carry information.
In addition, Anvil also offers a broad range of consultancy skills to financial institutions looking to improve their business performance through the effective use of information technology.