SAN FRANCISCO – September 20, 2010 – Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that Moxy® 7.0, the newest version of Advent’s industry leading trade order management system, is now available. Moxy® 7.0 extends the power of the solution to include a new modeling engine that supports complex asset allocation structures and portfolio drift analysis, and expanded connectivity with counterparties. Moxy® 7.0 helps meet the demands of a more complex and faster-paced investment marketplace by streamlining investment processes, improving operational efficiency and reducing risk.
"Moxy® 7.0 drift analysis has helped us proactively identify portfolios that may be moving off strategy and require our attention, and we’ve already seen time-savings result from the customized order entry features. The solution was installed in hours and we were up and running on Moxy® 7.0 without disruption to our business or systems," said Joseph Powers, Associate Director at Silver Bridge Capital Management. "We’ve had great success establishing a centralized trading desk powered by Moxy® and believe the new features included in Moxy® 7.0 will help us take our business to the next level."
Advent’s Moxy® is the world’s most widely used global order management system, offering a stable, secure, centralized location for making asset allocation and trading decisions. By making critical data easier to access and act upon through a simple interface and unmatched connectivity with counterparties, Moxy® enables portfolio managers and traders to move quickly in today’s more demanding marketplace.
“Given the events of the past few years, the industry is facing increased pressure to deliver more transparency to investors, reduce risk and streamline operations,” said Sang Lee, Co-founder and Managing Partner, Aite Group. “The new features and functionality included in Moxy® 7.0 should help firms increase efficiency and bring proactive performance monitoring to the trading desk.”
Features of Moxy® 7.0 include:
“We are driven to create solutions that solve the current needs of our clients and provide a platform that offers flexibility for growth and delivers competitive advantage,” said John Bird, Director Product Marketing, Advent Software. “Moxy® 7.0 is an important milestone in our commitment to empower asset and wealth managers with the speed and control they need to succeed in the current market environment.”
Moxy® is the industry-leading OMS deployed at over 850 firms which automates and streamlines the trading and order management process of investment executions and allows the user to send post trade 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. Firms in more than 50 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, timing, anticipated features, functionality 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 2009 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.
Advent, the Advent logo, Advent Software, Moxy and Advent Rules Manager are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.
Advent Software, Inc.