SAN FRANCISCO – June 10, 2008 – Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that it recently entered into an integration agreement with block execution system provider, Pipeline. In line with its recently announced trading integration strategy, this new relationship with Pipeline underlines Advent’s commitment to respond to the needs of its 800-plus Moxy® client base by providing a connection to a proven leader in the alternative liquidity marketplace.
Moxy® is the most widely used order management system (OMS) software in the industry, serving as the hub of the trading desk by providing access to the tools and destinations that traders require. The relationship will leverage the Moxy® 6.0 platform to create an easy-to-use and rapidly accessible integration between Moxy® and the Pipeline pool of liquidity. Launched last June, Moxy 6.0 is the latest version of Advent’s leading trade order management solution, providing greater speed and powerful workflow enhancements to the trading desk.
“Integrating with Pipeline is consistent with Advent’s strategy to expand trading options for its Moxy® clients,” said Tim Decker, Product Manager of Electronic Trading & Connectivity at Advent. “Innovative new platforms are emerging and redefining how liquidity is accessed, and we will continue to deliver to our customers the value-added tools and strategies that meet their growing liquidity requirements. Pipeline, as a proven and established innovator in the market, is a natural partner for us in our efforts to source liquidity for our clients and we’re very pleased to add them to our growing list of trading and order management relationships.”
“The integration of the Pipeline block execution system with Moxy® will allow institutional traders to seamlessly access Pipeline’s predator-proof, conflict free liquidity solution,” said Fred Federspiel, President, Pipeline. “It will increase control, save time and empower the institutional trader to aggressively move large orders in and out of the market with the least chance of being detected and the best chance for best execution”
Pipeline partners with professional traders to optimize the execution of giant orders while denying statistical arbitrageurs the information they need to front run. Pipeline is the only block execution system that combines the high probability of block liquidity with the unmatched performance of predictive switching between best of breed algorithms. It was built from the ground up to deliver impact-free block liquidity in the face of increasingly sophisticated predators. Pipeline is headquartered in New York with offices in Boston, Chicago and San Francisco. For more information, visit http://www.pipelinetrading.com.
Moxy® is the industry-leading OMS software 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. For more information on Moxy, click here.
Advent Software, Inc. (www.advent.com), a global company, 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. For more information on Advent products, click here.
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.
Advent Software, Inc.
Pipeline Financial Group, Inc.