Quebec-based Desjardins Trust has begun installation of Anvil Software's Repo and Securities Finance Trading System (Arts) to support managed lending activities at its Montreal office.
Jacques D'Aoûst, senior director, Desjardins Trust, says a key benefit of the system is the ability to automatically pool client positions and trade them as a single block, subject to restrictions and limits.
"The trade is automatically allocated to relevant positions held by different client accounts. This is going to save a great deal of time and money," says D'Aoûst.
The installation is expected to be complete by September.
London-based Anvil Software says its Arts system won the mandate over six other vendors.