SAN FRANCISCO – June 23, 2009 – Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that it has signed an agreement with Ancerno for access to Trade-Zoom, Ancerno’s powerful transaction cost analysis application. This latest relationship demonstrates Advent’s commitment to expanding and enhancing its trading suite which is comprised of Moxy®, its industry-leading trade order management solution, and Advent Rules Manager®, a comprehensive compliance solution for pre- and post-trade rule checking, portfolio monitoring and automated record-keeping.
With more than 850 clients, Moxy® is the most widely used order management system (OMS) software in the industry and serves as the hub of the trading desk by providing connectivity to the markets and critical trading and post-trade tools for its customers. Together with Ancerno, Advent will develop an interface that will allow Moxy® traders to easily interact with Ancerno’s Trade-Zoom application for post-trade transaction cost analysis.
Building on the existing connectivity relationships within its trading suite, the integration with Ancerno will extend Advent’s ability to provide Moxy® clients with the tools necessary for effective and efficient trade management. Further, the integration will leverage the strength of Moxy® 6.0, the latest version which provides greater speed and powerful workflow enhancements to the trading desk.
“We are delighted to provide our clients access to Ancerno’s powerful and efficient transaction cost analysis tool,” said Colby Payne, Product Manager of Post-Trade Products at Advent. “This is a significant relationship that will enable clients to leverage not only Trade-Zoom, but Ancerno’s consulting expertise in this field.”
"We are very excited to enter into this collaborative relationship with Advent Software," said James Noser, President of Ancerno, Ltd. "This service will enable current Ancerno subscribers to take full advantage of the rich dataset available through Moxy® and provide new clients with a turn-key trade cost analysis solution. Our collaboration with Advent will offer Moxy® users a broker-neutral choice when they search for a transaction cost analysis provider."
Added Payne, “We understand that transaction cost analysis is an essential component of the trading lifecycle especially in this competitive environment, and this relationship is a great example of Advent delivering on its commitment to enhance the trading and post-trade workflows of our broad and diverse Moxy® client base.”
Ancerno, Ltd. is a pioneer and leading provider of Trade Cost Analysis (TCA) software and consulting services. Ancerno products are used by over 500 firms world-wide through a network of resellers, distribution partners and strategic alliances. Ancerno’s product suite includes pre-trade, real-time and post-trade measurement tools enabling clients to measure their trading through the entire trading lifecycle. For more information about Ancerno products visit http://www.ancerno.com.
Moxy® is the industry-leading OMS deployed at over 850 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® 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. For more information on Moxy® visit https://secure.advent.com/info/pr_moxy.
Advent Software, Inc., a global firm, has provided trusted solutions to the world’s financial professionals since 1983. Today firms in 60 countries rely on Advent technology to run their mission-critical operations. 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 and services organization. For more information on Advent products visit http://www.advent.com/about/resources/demos/pr.
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, the successful development and market acceptance of new products and enhancements, the impact of initiatives by competitors, continued uncertainties and fluctuations in the financial markets and economic conditions 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 2008 annual report on Form 10-K, 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, Advent Software and Moxy are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.
Advent Software, Inc.