SAN FRANCISCO – May 6, 2008 – 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® clients. With over 800 clients, Moxy®, 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®.
Advent has an existing, successful relationship with leading dark pool provider, Liquidnet, which Moxy® 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® 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® 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® clients access to over 250 broker dealers.
“As the hub of the trading desk, Moxy® provides connectivity to the markets for our customers and we are excited to be expanding the trading integration options for our Moxy® 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.”
moxy® 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® 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.
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.
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.
Advent Software, Inc.