Northcross Capital, a new structured products firm, has gone live with Anvil Denarius as their cross-product front office trade capture, liquidity monitoring and risk management system.
Northcross’ products include arbitrage conduits and other structured investment vehicles. Their first vehicle is a $20 billion A-1/P-1 rated financing arbitrage ABCP conduit backed by highly rated assets.
Anvil was our first and last call, said Jason Van Praagh, Partner. As asmall and expert team we needed a system that was simple and intuitiveto use, but had the complexity and depth to meet our investmentmanagement needs.
Anvil Denarius technology worked with Northcross Capital to meet its time-to- market deadline by providing all the features and facilities required – on time and on budget. Anvil also worked closely with Northcross to assist with regulatory and rating agency submissions.
Working closely together, we met an aggressive go live date with exceptionally fast implementation, said Can Bitirim, an Anvil partner. The speed of installation at Northcross was impressive and included many customizations specific to our needs.