Science & Technology 
Science and Technology
Science and Technology 
Thu, June 25, 2009
Wed, June 24, 2009
Tue, June 23, 2009
Advent Software, Inc.: Advent Continues to Expand Trading Suite With Critical Tools for Moxy(R) Clients
SAN FRANCISCO, CA--(Marketwire - June 23, 2009) - Advent Software, Inc. (
Advent's algorithmic trading relationships allow customers access to powerful trading tools to effectively work their orders in the marketplace. Algorithmic tickets are directly integrated with Moxy®, allowing traders to utilize more than 50 trading strategies including liquidity aggregation and benchmark strategies, which allow the traders to be more efficient by helping them effectively manage more trades and complete transactions quickly and seamlessly. Aite Group estimates that by the end of 2010 approximately 53% of all equities trading will be done through algorithmic trading.*
"Algorithmic trading represents one of the most important execution options available to traders today and the tool of choice for both the buy-side and the sell-side traders; support for it has become a must-have functionality for technology providers," notes Aite Group Managing Partner Sang Lee. "Market interest in algorithmic trading continues to skyrocket, driven by the need for efficient trade execution services as well as regulatory pressures."
Over the past 12 months, Advent has continued to expand the reach of its algorithmic trading offering with the addition of four new providers. The most recent relationships provide Moxy clients with access to Fidelity, ITG, and Weeden algorithmic trading strategies, with Advent planning to develop an interface for RBC algorithmic strategies.
Commented Ariel Schlein, Chief Information Officer at NuVerse Advisors, "Algorithms directly integrated within Moxy® allow us to focus trading with the OMS as a primary hub on the trading desk, and reduce the number of applications we must support while ensuring we can still execute our trades using the algorithms of our choice."
"We are seeing a strong demand for algorithms from our customers and are very pleased to provide them with the technology within our trading suite that aids in seeking liquidity and best execution," said Tim Decker, Product Manager of Electronic Trading at Advent. "Advent continues to use customer feedback and input from our 850-plus global Moxy® users to assess critical alliances and create standard integration solutions which improve product quality, facilitate ease of setup and increase efficiencies by allowing them to do more with less."
*Source: Aite Group, "Algorithmic Trading 2006: More Bells and Whistles"
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
Advent Software, Inc., a global firm, has provided trusted solutions to the world's financial professionals since 1983. Today firms in 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 ].
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, the successful development 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 2008 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 ].
The Advent logo, Advent Software and Moxy are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.