HypoVereinsbank – buying Anvil ARTS & Anvil Order Management for repo and securities finance

HVB Group, the second-largest bank in Germany by assets, is in final negotiations with Anvil Software Ltd to purchase a suite of products for their repo and securities lending desk. HypoVereinsbank expects to take:
- Anvil ARTS for repo trading
- Anvil ARTS Securities Finance module
- Anvil ARTS Managed Lending Module, for agency lending programs
- Anvil Order Management, for seamless linking to electronic repo markets

Installation of the Anvil products has already started. Eduard Cia, Head of Repo and Collateral Trading at HypoVereinsbank in Munich, commented: "Using ARTS will revolutionise our trading desk. ARTS has fantastic features that will make our traders' lives so much easier - giving them more time to trade effectively and profitably. We know that the core features of Anvil ARTS - real-time position management, excellent trade capture and execution and real-time margin monitoring - will really work in our favour. We are also excited about the new ways in which we can expand our business using ARTS with its tri-party repo and the agency lending capabilities, and Anvil Order Management for making the most of the electronic repo markets."

Eduard Cia also commented: "Anvil has a great reputation in the market, which is very much deserved. We talked to a lot of their existing customers, and they were full of praise for the software and the people at Anvil. We feel very comfortable working with them, and look forward to working with Anvil in the years to come."

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development