San Francisco, October 3, 2005 – Advent Software, Inc. (NASDAQ: ADVS) announces the second version of its Profit and Loss (P&L) Tool. This unique functionality is embedded in Advent’s Moxy® trade order management system, giving hedge funds the flexibility to define multiple views and groupings of a fund’s positions. Moxy®, most recently upgraded to meet the specific demands of hedge funds, is used by more than 700 firms world wide.
With the Moxy® P&L Tool, hedge fund managers can view their positions grouped by strategy, sector, or daily performance. It also features:
The Moxy® P&L Tool is integrated closely with Advent’s portfolio accounting and management systems, allowing hedge fund managers to easily view fund positions down to the tax-lot level, and view month-to-date, quarter-to-date, and year-to-date P&L information – a unique feature. The tool also can be accessed throughout a firm regardless of how many employees in the firm are using the full Moxy® application.
“The Moxy® P&L Tool empowers hedge funds to distill and view the profit and loss information they deem most important, all in real-time,” said Mike Gamson, director of Advent’s trade order management and compliance business “Armed with this information, managers are then able to react efficiently and strategically to the opportunities they see in the marketplace.”
Advent Software, Inc., a multi-national company, has been providing trusted solutions to the world's leading financial professionals since 1983. Firms in 50 countries using Advent technology manage investments totaling more than US $8 trillion. Advent's quality software, data and services enable financial professionals to improve service and communication to their clients, allowing them to grow their business while controlling costs.
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 market acceptance of new products, the impact of initiatives by competitors, and other risks detailed in Advent’s filings with the Securities and Exchange Commission, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q, as amended, copies of which may be obtained by contacting Advent Software at 415-645-1787, or by visiting Advent’s Investor Relations website at www.advent.com.
ADVENT and MOXY are registered trademarks of Advent Software, Inc. or its subsidiaries. All other company names or marks mentioned herein are those of their respective owners.