Advent Europe teams with Pershing for trade order management

Advent Europe teams with Pershing for trade order management

Advent Europe has entered an alliance with the London division of Pershing, a provider of multicurrency execution and clearing services, to co-promote their products to the UK securities marketplace.

The combined solution will offer private client asset managers a trade order management system with user-defined portfolio valuations and contact management through to settlement, custody and cash management.

The joint offering has already been implemented at two firms including 7im, a division of UK stockbroker Killik & Co.

David Cotterell, CEO of Advent Europe UK, says: “Advent has a strong relationship with Pershing US and Advent Europe is delighted to be able to provide true straight-through-processing to the growing independent asset management segment, as well as to the established stockbroker community."

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