Anvil ARTS Trading System Installed at Bank of America
Bank of America’s London-based Global Funding Desk has installed Anvil’s ARTS solution for repo trading of European governments and corporates as well as US products in Europe. ARTS, a real-time front and middle office trading system for international repo and securities finance, has already bolstered the bank’s volumes, according to Tom Brady, head of the Global Funding Desk at Bank of America: ‘Since installing Anvil ARTS for US domestic repo, we’ve increased our daily trade volumes in excess of 350% while cutting our costs by about 30%.’
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