Advent Software (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced the availability of an interface that connects the Proquote RSP Service to Advent's Moxy trade order management solution workflow.
The interface enables private client investment managers in the United Kingdom to send requests and receive quotes from the Proquote network of RSP (Retail Service Provider) brokers directly within Moxy, via the FIX protocol. The integration allows direct electronic dealing with a large number of the leading market makers.
Raymond James Investment Services is an early adopter of the Advent-Proquote solution and has already seen measurable benefits. "By giving our wealth managers instant access within Moxy to the Proquote network, the new interface enables them to get quotes and execute orders electronically, from one application and within a familiar workflow," says Stuart Wright, Head of Operations & Product Management, Raymond James Investment Services, "As a result, our wealth managers are able to be more efficient when dealing on behalf of their clients."
"As part of our ongoing product development and localisation process, we make the effort to understand the unique needs of clients in each region we serve. The integration with Proquote RSP is a natural progression in our effort to better meet the needs of our UK clients, and is an example of how we apply insights and client feedback," said Håkan Valberg, Senior Vice President and General Manager, Advent Software EMEA. "We are committed to working closely with our clients to drive innovation within our product offerings that enable our clients to automate order flows and achieve greater efficiencies in their businesses."