Science & Technology 
Science and Technology
Science and Technology 
Fri, February 6, 2009
Thu, February 5, 2009
Advent Software, Inc.: Advent's Industry Leading Trade Order Management and Compliance Platform Sees Continued Momentum
SAN FRANCISCO, CA--(Marketwire - February 5, 2009) - Advent Software, Inc. (
Moxy® is Advent's leading trade order management solution (OMS) and the most widely used OMS in the industry. Advent Rules Manager® is its comprehensive compliance solution, which integrates with Moxy® for pre and post-trade rule checking, portfolio monitoring and automated record-keeping.
Both products had considerable new customer momentum in 2008. With over half its client base managing assets in excess of $1 billion, Moxy® surpassed 850 clients worldwide, adding 62 new clients and completing more than 200 client upgrades and implementations to Moxy® version 6.0. Advent Rules Manager®, which was launched just over a year ago, continued to gain traction in the market, adding over 20 new clients in 2008.
Moxy® broadened its global footprint adding several new international clients throughout the year. Of its 850-plus clients, Moxy® now has over 100 clients in Europe and the Middle East. The solution's international client base consists of a wide range of investment management firms including asset managers, hedge funds, bank/trust asset managers and broker dealers that range in size from $250 million in assets under management to more than $60 billion.
Advent also expanded trading integration options for its Moxy® clients in 2008. The expanded integration and connectivity strategy has given customers greater access to liquidity venues and offers broader integration and simplified workflow with execution management system (EMS) providers, while continuing to add to the existing critical trading tools such as algorithmic trading strategies in Moxy®.
Advent, which has an existing relationship with dark pool provider Liquidnet, completed additional dark pool provider integrations with Aqua, Blockcross, and Pipeline as part of the strategy. In addition, Advent now has relationships with 18 algorithmic trading providers with access to more than 50 strategies to assist firms with execution.
"We are very pleased with the significant achievements accomplished by Moxy® and Advent Rules Manager® in 2008; new customer momentum, broadening our global reach and the implementation of our strategy to expand trading integration options for our clients, all have us well-positioned heading into 2009," said Chris Flynn, Vice President of Product Marketing at Advent. "From order creation through settlement, Advent's comprehensive trade order management and compliance platform provides our clients with a mission-critical toolset that helps them run their businesses more efficiently by streamlining operations, reducing errors and achieving both internal and external straight through processing."
About Moxy®
Moxy® is the industry leading OMS deployed at over 850 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® visit [ https://secure.advent.com/info/pr_moxy ].
About Advent Rules Manager®
Advent Rules Manager® is a tightly integrated, comprehensive solution that meets investment management firms' increasingly complex trading compliance and portfolio monitoring requirements. It is a rules-based solution that enables firms to easily and accurately define their trading and portfolio policies, and automate their control and review. Advent Rules Manager® helps firms record, test and compare their compliance practices against their policies, demonstrating that their compliance program is managed proactively.
About Advent
Advent Software, Inc. ([ www.advent.com ]), a global firm, has provided trusted solutions to the world's leading financial professionals since 1983. Firms in 60 countries use Advent technology. 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 visit [ http://www.advent.com/about/resources/demos/pr ].
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 continued sales of existing products, market acceptance of new products, the impact of initiatives by competitors, market 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 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, Advent Software, Advent Rules Manager and Moxy are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.