Global information company Reuters, (NASDAQ: RTRSY, LSE: RTR.L,) today announced an agreement with Advent Software, Inc. (NASDAQ: ADVS), a global provider of software and services to the investment management industry.
Advent's Moxy trade order management system has certified FIX connectivity with Reuters Order Routing for Equities, bringing Moxy's 700 global clients access to Reuters global network of over 200 brokers.
Reuters Order Routing for Equities offers a user-friendly trading solution that quickly and seamlessly links Reuters growing global community of institutions, broker-dealers and execution venues via an open and neutral order routing hub.
Moxy provides direct connectivity to the industry's mission-critical trade counter-parties. Moxy uses FIX technology to send and receive electronic messages via Reuters Order Routing to and from executing brokers, ECNs and other pools of liquidity.
Tom Gros, Global Head of Equities at Reuters comments: "Moxy is a very widely-used order management system and we are pleased that the system now has a connection to the Reuters Order Routing network. We are reaching new liquidity pools through connections of this nature, which will increase order flow to Reuters global, broker-neutral network."
Mary Jo Abbott, STP Product Manager for Advent says: "We're pleased to offer Reuters Order Routing as one of Moxy's certified FIX providers. Moxy is meeting the demand for the explosive growth in electronic trading by increasing the choices available to our clients and simplifying their connections to various liquidity sources, such as those available on Reuters Order Routing."