Alliance brings STP to repo market

Anvil Software, the developer of repo trading systems, and GFI Group, the inter-dealer brokerage, market data and analytical software provider, have formed an alliance to deliver straight-through processing (STP) technology to repo traders.

Anvil is building an adaptor to connect the Anvil Order Management system with GFI's Repo trading system. This will enable electronic and voice-conducted trades transacted through GFI to pass into Arts, Anvil's front office repo trading system, without human intervention.

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