Start-up Northcross Capital sees Denarius as key to growth

Northcross Capital said the system offered excellent growth potential to start-ups such as itself because its module-based platform provided for future scalability as and when new products were traded. Jason van Praagh, a partner of the firm, who previously worked at both Rabobank and Deutsche Bank, said too many smaller firms were put off making investments in such cross-asset platforms because of the cost outlay involved.

“When you’re small, cost is an important thing and people get scared about how much it’s going to be,” he said. “But we decided it was more prudent from a management point of view to have something from the outset, across the board.” He added that the ease of use and intuitive nature of the system made it particularly appealing.

Since it began trading in May this year, Northcross Capital has offered clients a range of structured investment vehicles using a team poached from Morgan Stanley, JP Morgan Chase, Deutsche Bank and rating agency Moody’s. Its first major vehicle is a $20 billion A-1/P-1 rated financing arbitrage asset-backed commercial paper conduit backed by highly rated assets.

Anvil’s Denarius is a global, integrated trading system that provides banks and other financial institutions with real-time trade execution and position/order management. The installation at Northcross Capital took 30 days.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Next-generation technologies and the future of trading

At a webinar in association with capital markets technology provider Numerix, panellists discuss the potential for increased adoption of the public cloud to boost investment performance, its impact on risk management and overcoming barriers to…

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here