SAN FRANCISCO, CA, May 06, 2008 (MARKET WIRE via COMTEX News Network) -- Advent Software, Inc. (NASDAQ: ADVS), the award-winning provider of
software and solutions for the global investment management industry,
today announced that it will be expanding trading integration options
for its Moxy(R) clients. With over 800 clients, Moxy(R), Advent's
trade order management system (OMS), is the most widely used OMS in
the industry.
Advent's expanded integration and connectivity strategy will give
customers greater access to liquidity venues and offer broader
integration and simplified workflow with execution management system
(EMS) providers, while continuing to add to the existing critical
trading tools such as algorithmic trading strategies in Moxy(R).
Advent has an existing, successful relationship with leading dark
pool provider, Liquidnet, which Moxy(R) customers are leveraging to
access dark pool liquidity. Based on the success of the Liquidnet
relationship, Advent plans to announce that it has entered into
additional integration agreements with dark pool providers to augment
dark pool access for Moxy(R) users, expanding traders' access to the
liquidity and tools necessary for effective and efficient trade
management.
Advent is also responding to customer needs with enhanced integration
to EMS vendors. Advent currently offers integration with many of the
top EMS vendors, including RediPlus, RealTick and several others
using industry standard FIX connectivity. The recent release of
Moxy(R) 6.0 delivered greater support for industry-standard,
FIX-based staging and drop copy work flow, along with user
customizable FIX messages, all of which are engineered to facilitate
improved EMS integration.
Advent's partnerships and connectivity strategy complement its
current offering of certified connectivity via the SunGard Transaction
Network (STN), which gives Moxy(R) clients access to over 250 broker
dealers.
"As the hub of the trading desk, Moxy(R) provides connectivity to the
markets for our customers and we are excited to be expanding the
trading integration options for our Moxy(R) clients," said Tim Decker,
Product Manager Electronic Trading Connectivity at Advent. "Our
connectivity partnerships offer additional integration options that
are critical to our customers' needs, providing greater efficiency to
the trader when trying to quickly and effectively work their orders."
About Moxy(R)
Moxy(R) is the industry leading OMS deployed at over 800 firms which
automates and streamlines the trading and order management process of
partial and complete executions and allows the user to send
allocation results to brokers electronically. Moxy(R) also provides
Internet-ready electronic order routing based on the industry standard
FIX messaging protocol, allowing users to route trades electronically
to any FIX-compliant broker or crossing network that supports the
internet or other TCP/IP connections.
About Advent
Advent Software, Inc. (www.advent.com), a global firm, has provided
trusted solutions to the world's leading financial professionals since
1983. Firms in 60 countries use Advent technology and manage
investments totaling nearly US $18 trillion. Advent's quality
software, data, services and tools enable financial professionals to
improve service and communication to their clients, allowing them to
grow their business while controlling costs. Advent is the only
financial services software company to be awarded the Service
Capability and Performance certification for being a world-class
support organization.
Forward-Looking Statements
Any forward-looking statements included in this press release involve
risks and uncertainties that could cause actual results to differ
materially from our expectations. These risks and uncertainties
include continued sales of existing products, market acceptance of
new products and services, the impact of initiatives by competitors
and other risks detailed in Advent's most recent filings with the
Securities and Exchange Commission, including, but not limited to,
its quarterly reports on Form 10-Q and its 2007 annual report on Form
10-K/A, copies of which may be obtained by contacting Advent Software
at (415) 645-1787 or by visiting Advent's Investor Relations Web site
at www.advent.com.
The Advent logo and Moxy are registered trademarks of Advent
Software, Inc. All other company names or marks mentioned herein are
those of their respective owners.
STN trade automation and connectivity services are provided by
SunGard Institutional Brokerage Inc., Member FINRA/SIPC.
Contact:
Jessica Miller
Advent Software, Inc.
(415) 645-1668
Email Contact
SOURCE: Advent Software, Inc.
