Scotia Capital, Scotiabank’s corporate and investment banking arm, is implementing a complete set of products from Anvil Software’s Arts suite.
A specialist in front- and middle- office software systems for the financial markets, Anvil Software says the suite includes the global repo, securities finance, managed lending and back office modules.
The system will initially be used for Scotia Capital’s North American and European businesses.
Michael Durland, co-head of capital markets group, Scotia Capital, said, Our primary goal was to replace our disparate in-house systems with a single solution. Anvil Arts offers clear operational and business benefits. Arts allows us to handle increased volumes, gives the potential for increased product scope, and reduces risk, all in a single system. This contributes to improved trader efficiency, scalability and increased profits.