Advent’s Moxy® adds New Clients; Sees Continued Demand for its Trade Order Management System
More than 70 Firms Come on Board since the Introduction of Moxy 5
San Francisco, February 27, 2006 – Advent Software, Inc. (NASDAQ: ADVS), the leading provider of software and services to the investment management industry, today announced that Financial Management Advisors, LLC and Taiyo Pacific Partners LP are among the latest firms to adopt Moxy®, Advent’s trade order management system.
More than 70 firms have selected Moxy® since its latest version was introduced 15 months ago. With over 700 clients worldwide, Moxy® is the most widely used trade order management system in the industry today.
“We’ve been making great strides in attracting new firms – particularly hedge funds – to Moxy®, by offering a solution that maximizes trader efficiency, offers comprehensive global security coverage, and connects to a wide variety of trading partners,” said Creighton Reed, Director of Product Marketing for Advent’s Trade Order Management and Compliance business. “In today’s competitive environment we’ve been very pleased with the rate of adoption Moxy® is experiencing.”
Advent most recently 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. ABOUT ADVENT
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. All other company names or marks mentioned herein are those of their respective owners.