Advent Software (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that it has signed an agreement with Ancerno for access to Trade-Zoom, Ancerno's powerful transaction cost analysis application.
This latest relationship demonstrates Advent's commitment to expanding and enhancing its trading suite which is comprised of Moxy, its industry-leading trade order management solution, and Advent Rules Manager, a comprehensive compliance solution for pre- and post-trade rule checking, portfolio monitoring and automated record-keeping.
With more than 850 clients, Moxy is the most widely used order management system (OMS) software in the industry and serves as the hub of the trading desk by providing connectivity to the markets and critical trading and post-trade tools for its customers. Together with Ancerno, Advent will develop an interface that will allow Moxy traders to easily interact with Ancerno's Trade-Zoom application for post-trade transaction cost analysis.
Building on the existing connectivity relationships within its trading suite, the integration with Ancerno will extend Advent's ability to provide Moxy clients with the tools necessary for effective and efficient trade management. Further, the integration will leverage the strength of Moxy 6.0, the latest version which provides greater speed and powerful workflow enhancements to the trading desk.
"We are delighted to provide our clients access to Ancerno's powerful and efficient transaction cost analysis tool," said Colby Payne, Product Manager of Post-Trade Products at Advent. "This is a significant relationship that will enable clients to leverage not only Trade-Zoom, but Ancerno's consulting expertise in this field."
"We are very excited to enter into this collaborative relationship with Advent Software," said James Noser, President of Ancerno, Ltd. "This service will enable current Ancerno subscribers to take full advantage of the rich dataset available through Moxy and provide new clients with a turn-key trade cost analysis solution. Our collaboration with Advent will offer Moxy users a broker-neutral choice when they search for a transaction cost analysis provider."
Added Payne, "We understand that transaction cost analysis is an essential component of the trading lifecycle especially in this competitive environment, and this relationship is a great example of Advent delivering on its commitment to enhance the trading and post-trade workflows of our broad and diverse Moxy client base."