SAN FRANCISCO – July 13, 2010 – Advent Software Inc. (NASDAQ: ADVS) a leading provider of software and services for the global investment management industry, today announced that SunGard’s Valdi Liquidity Solutions has become the latest algorithmic trading provider to become certified by Advent to deliver advanced, algorithmic trading tools, including the Valdi dark pool aggregator, integrated with Moxy®, Advent’s industry leading trade order management solution. The addition of Valdi Liquidity Solutions brings the number of algorithmic trading strategies integrated into Advent’s Moxy® electronic order routing technology to more than 225. The integration of algorithmic trading with Moxy® provides traders with the tools necessary to find liquidity and seek best execution while reducing the number of applications on the trader’s desktop. The algorithmic trading strategies offered by SunGard and other Advent FIX (Algorithmic) Certification partners are provided free of charge to Moxy® clients.
Algorithmic trading continues to be at the forefront of electronic trading, with three quarters of U.S. firms employing algorithmic trading on their desks. Over half of the traders who use Moxy® employ algorithms for more than 25% of their equity trading, with the majority of traders employing strategies from four vendors or more. Integration of algorithmic trading strategies into the Moxy® trade order management solution helps streamline workflow, support a comprehensive range of parameters and allows traders control of their order directly from Moxy®.
“The ability of Moxy® to integrate our critical algorithmic trading partners into one OMS reduces the complications of multiple trading platforms and provides our traders the control, customization and strategies we need when seeking best execution for our trades,” said Kyle Krueger, Equity Trader, Tortoise Capital Advisors.
The addition of SunGard’s Valdi algorithms and dark pool aggregator to the FIX (Algorithmic) Trading Certification program is the most recent development in the more than 10 year relationship between SunGard and Advent.
Mark Volker, senior vice president in SunGard’s trading business, said, “The integration of SunGard’s Valdi Liquidity Solutions, Valdi dark pool aggregator and algorithmic trading strategies into the Moxy® OMS provides traders with advanced tools to find liquidity and seek best execution. This integration results from our ongoing commitment to work with Advent to innovate and respond to the needs of traders.”
“Traders rely on Moxy® as the hub for their desks. By bringing their critical trading partners to them, through Moxy®, traders can focus on a single execution platform when executing their trades in the market, instead of managing multiple applications,” said Tim Decker, Product Manager, Electronic Trading and Connectivity, Advent Software. “SunGard and Advent have enjoyed a long standing relationship, bringing innovation and industry leading tools to trading desks. The addition of SunGard’s Valdi strategies helps strengthen traders’ ability to manage their trades with efficiency and control.”
About SunGard’s Valdi
SunGard’s Valdi provides equities, futures, fixed income and options traders with multi-asset, front-to-back trading and risk management solutions on 110 markets worldwide. SunGard’s Valdi global trading solutions support the entire trade lifecycle including integrated trade and order management systems, execution services, risk management, compliance, and clearing and settlement services. With connectivity via SunGard’s global network, SunGard's global trading solutions help customers achieve increased performance, low latency and execution across multiple platforms, instruments and geographies.
Valdi’s US Brokerage products and services in the United States are provided by Assent, LLC, member FINRA/SIPC
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 60 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.
Advent, the Advent logo, Advent Software, Advent Portfolio Exchange and Moxy are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.
Trademark Information: SunGard, the SunGard logo and Valdi are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.
Advent Software, Inc.