Advent Software Announces the Release of Moxy® Version 5.2
Latest Version of Advent’s Trade Order Management System Offers Asset Managers Increased Scalability and Higher Trade Volume Execution
SAN FRANCISCO – December 14, 2006 – Advent Software, Inc. (NASDAQ:ADVS), the leading provider of software and services to the investment management industry, today announced the release of Moxy® Version 5.2, the latest upgrade to Advent’s trade order management system, with new advanced features based on enhancements to the Financial Information eXchange (FIX) protocol that enables electronic order routing and trade execution.
Moxy® Version 5.2 enables asset managers with active trading to execute a larger number of trades from more traders and allows for the handling of large block orders easily without sacrificing efficiency. Advanced algorithms that comprise FIX have been integrated into the design of Moxy® Version 5.2 in order to allow for the execution of high order volumes in a timely manner.
“Advent is proud to have over 700 clients using Moxy®. As their businesses grow, they need a system that can grow with them and provide reliable and efficient routing of increased trade volumes,” said Creighton Reed, Director of Product Marketing for Advent’s Trade Order Management and Compliance business. “To meet their needs, we have enhanced the functionality of the FIX algorithms within Moxy® Version 5.2 in order to enable asset managers to scale with their growing order activity quickly and accurately.”
As an indication of client demand for Moxy®, 75 Advent clients have already upgraded or committed to upgrade to this latest Moxy® version.
Moxy® Version 5.2 marks another milestone in the evolution of Advent’s trade order management system. In February 2006, Advent announced upgrades to Moxy®’s Profit and Loss functionality, enabling further flexibility to define multiple views and groupings of a fund’s positions. Moxy® enables fast, precise trade creation and improved order execution. By streamlining the trade order management process, Moxy® helps traders scale their businesses, handle more accounts with fewer resources and improve connectivity with counterparties.
Advent Software, Inc. (www.advent.com
), a multi-national company, has been providing trusted solutions to the world's leading financial professionals since 1983. Firms in more than 60 countries are using Advent technology to manage investments totaling more than US $12 trillion. Advent's quality software, data and services enable financial professionals to improve service and communication to their clients, helping them grow their business while controlling costs. Advent is the only financial services company to be awarded the Support Center Practices certification for being a world-class support organization.
Advent and Moxy are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.
Any forward looking statements included in this press release, including those pertaining to new products, 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