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%.’
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.