Source: Anvil Denarius
Northcross Capital, a new, global, structured products firm, has today gone live with Anvil Denarius as their cross-product front office trade capture, liquidity monitoring and risk management system.
The team at Northcross is comprised of well-known industry players, including Jason Van Praagh (ex Rabobank & Deutsche Bank), Steve Anthoney (ex JP Morgan), Can Bitirim (ex Commerzbank & Deutsche Bank), David Hynes (ex Morgan Stanley & Gartmore) and Dave Vriesenga (ex Moody's and Fidelity).
As a specialist investment manager the firm brings to market an array of products that includes Arbitrage Conduits and other Structured Investment Vehicles. The focus for these products will be strongly influenced by the expertise of the partners, covering the market spectrum of wholesale treasury & capital markets through to institutional fund management. Their first vehicle is a $20 billion A-1/P-1 rated Financing Arbitrage ABCP Conduit backed by highly rated assets.
Given the complexities and scale of the business, Northcross requires sophisticated trade capture, trade tracking, audit, interface and risk management capabilities. Prior experience with the quality and robustness of Anvil Software meant that Anvil Denarius was the perfect choice when it came to addressing these demanding requirements. "Anvil was our first and last call," said Jason Van Praagh, Partner. "As a small and expert team we needed a system that was simple and intuitive to use, but had the complexity and depth to meet our investment management needs."
Anvil Denarius technology allowed Northcross Capital to meet its time to market deadline by providing all the features and facilities required - on time and on budget. Anvil worked closely with Northcross to assist with regulatory and rating agency submissions. Anvil Denarius’s audit trail and precision reporting capabilities were critical in executing their plan. Anvil again proved to be more than simply a software provider as their participation in the various submissions contributed to a successful outcome.
This working partnership was central to the rapid deployment of Anvil Denarius. "Working closely together, we met an aggressive go live date with exceptionally fast implementation," said Can Bitirim, Partner. "The speed of installation at Northcross was impressive and included many customisations specific to our needs." Anvil was able to implement the full system including up- and downstream linkages, local configuration and enhancements in less than one month. Along with rapid deployment, flexibility is central to the Anvil Denarius philosophy.
"Using Denarius you can think big," said Anvil Founder and Director, James Dalby. "You can pick exactly the level of sophistication and depth your business requires and Denarius will match your needs. In an ever-changing environment it is imperative to have a system that works with you. Anvil Denarius's modular nature allows it to grow and adapt as your business requirements evolve."