Anvil Software to Open New York Office

Anvil Software, the financial software specialists, will be opening a New York office mid-2002, continuing the company’s global expansion. The New York office will provide a permanent presence for existing and new US customers, and will play a central role in Anvil’s global support operations, currently running from London and Sydney.

Anvil already has several customers in New York and our products are ideally suited for the US marketplace. Speed, volume and performance capabilities are vitally important for any systems used in the US domestic markets. Anvil’s systems are built to meet these demands. They also include many ease of use features to let traders trade faster and more efficiently.

Malcolm Clark, Director and Strategist at Anvil commented, "One of our main products ARTS (The Anvil Repo and Securities Finance Trading System) has been used in the US domestic repo markets for treasuries, mortgages and corporates since 1996. We’ve done a lot of development work for one of our customers in New York in particular to improve the mass financing aspects of the system. This has included automatic allocation routines for selecting appropriate securities for tri-party, money fills and portfolio swaps based on counterparty acceptability criteria and available inventory."

This is the third new office Anvil has opened in less than two years. Anvil opened a new office in Toronto at the beginning of 2002 and a development office was opened in Malta in May of 2001. Several staff from the London office will initially set up the New York office, and then local technical will be hired.

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