Anvil Software has introduced a new compliance module to its Denarius cross-product trading system to enable users to check credit limits in real-time.
The new module will enable traders to perform 'what if' analysis to find out if a trade would break any limits if executed. These include investment universe currency limits, credit rating, maximum trade duration, bank deposit limit, gross credit lines per counterparty, tenor weights (providing a built in cushion against exposure), counterparty and product limits, mark to market limits, trader product and trader portfolio limits.
Denarius will also suggest counterparties with available limits for a specified trade, so the traders can see whom to call when they’re ready to trade.
In a separate announcement, Anvil Software is to open a new office in New York in mid 2002 to provide a permanent presence for existing and new US customers. Several staff from the London office will initially set up the New York office. Technical personnel will be hired locally.