US client extends Anvil Arts to asset-backed business
With the successful launch of a US Residential Mortgage business in August 2004 a large global client of Anvil Software have extended their use of Anvil ARTS to include the financing of their asset backed portfolio.
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The new mortgage business significantly increases the scale of this US ARTS installation, already one of the largest ARTS deployments, with a single global system supporting hundreds of users trading in the US, Europe and the Far East.
Mortgage financing in ARTS is supported by the renowned ARTS class-based position management capabilities. This provides traders with summary positions derived from security characteristics - crucial to trading mortgage-backed securities in the US.
Phil Buck, head of Anvil North America comments: "This installation is now our third US client to have an extensive mortgage-backed business trading on ARTS. We're pleased we could respond so effectively to their aggressive expansion plans - but then, that's the Anvil way!"