The new contract re-affirms the position of ARTS as the leading repo and collateral management product, installed in all the major financial centres worldwide.
Fortis were looking for a system that would meet their functional and technical requirements. It needed to be flexible, futureproof and have good interfaces with the other systems they used. Fortis looking extensively at the systems available on the market and the choice was ARTS.
Joe Nicholson, Managing Director at Anvil commented, "I am delighted that Fortis have chosen ARTS. The system keeps going from strength to strength. We are adding Securities Lending functionality to ARTS and further electronic market interfaces, in the first half of this year, due to demand from our customers."