GFI AND ANVIL IN PARTNERSHIP TO ENHANCE ELECTRONIC REPO TRADING STP to be available for voice and online trades

Anvil Software, the developers of the leading front-office repo trading system ARTS, and GFI Group ("GFI"), an inter-dealer brokerage, market data and analytical software provider for global cash & derivative markets and #1 European Repo Broker *, have joined forces to offer Repo traders a more efficient STP solution.

Anvil are specialists in front- and middle- office software systems and consultancy services. They are building an adaptor from Anvil Order Management to connect with the GFI Repo hybrid trading system. This new feature will enable straight-through-processing ("STP") of electronic and voice conducted trades transacted through GFI into Anvil ARTS. This joint venture between Anvil and GFI will improve trading efficiency and remove the time consuming manual trade entry process. Traders will receive automatic updates of their positions and electronic trade confirmations.

Thirteen banks active in the Repo market have already installed Anvil ARTS as their real-time position keeping system and they will benefit the most from this new connectivity to GFI’s trading system. Currently over 40 banks throughout Europe use the GFI Repo trading system.

"It’s an ideal alliance - Anvil ARTS linked through our Order Management module to GFI’s Repo trading system," explains Malcolm Clark, Director and Strategist at Anvil Software. GFI is visionary in its approach to electronic trading and has been highly successful in creating liquid markets. Our customers want to make the most of trading opportunities on multiple electronic markets. By connecting GFI’s Repo trading system to Anvil Order Management, we give them the means of seeing the best prices, getting the broad market overview, and getting the highest level of efficiency - removing the requirement for duplicate trade entry."

Michel Everaert, Global Head of Product Marketing commented, "Our partnership with Anvil comes in response to our clients’ requests for a viable STP solution. GFI firmly believes that our customers will benefit considerably from this partnership that will provide them with a streamlined end to end trading experience for all Repo transactions conducted through GFI."

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