25 November 2017
visit www.solutions.lexisnexis.com

Advent Software adds ten algo brokers to Moxy

10 November 2005  |  1336 views  |  0 Source: Advent Software

Advent Software, Inc. (NASDAQ: ADVS) announces it has established agreements with 10 equity algorithmic trading brokers to provide algorithmic trading functionality to its Moxy trade order management system.

The addition of algorithmic trading capabilities will allow Moxy's buy-side users to consolidate more of their trading activity on one trade screen, while accessing leading broker algorithmic trading strategies.

The ten firms whose algorithmic trading strategies will interface directly with Moxy are Banc of America Securities, BNY Brokerage, Credit Suisse First Boston, Goldman Sachs, Jefferies & Company, Inc., Lehman Brothers, Merrill Lynch, Morgan Stanley, Susquehanna Financial Group and UBS. All of these brokers' algorithmic trading strategies are available through the SunGard Transaction Network, which is preconfigured for integration with Moxy through Advent's partnership with SunGard.

"With the addition of algorithmic trading strategies into Moxy, hundreds of buy-side firms now have access to the sell-side's cutting edge trading tools," said Will Clemens, vice president of Advent's straight-through processing business line. "With the expanded use of algorithms, buy-side firms can focus on strategy and counterparty selection, as opposed to manually working orders. Investment managers and their clients will benefit from lower transaction and operational costs, improved transparency, and fewer errors. In addition, sell-side firms can have confidence that their buy-side clients are able to take full advantage of the tools in which they have invested."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.aciworldwide.comvisit www.response.ncr.comvisit www.atos.net

Top topics

Most viewed Most shared
Sepa instant payments goes liveSepa instant payments goes live
10966 views comments | 46 tweets | 79 linkedin
ING brings data privacy to blockchain transactionsING brings data privacy to blockchain tran...
9531 views comments | 25 tweets | 37 linkedin
hands typing furiouslyHow Fintech Companies are disrupting the C...
8197 views 0 | 20 tweets | 9 linkedin
Axis Bank uses Ripple to open new payment corridors between the UAE and SingaporeAxis Bank uses Ripple to open new payment...
8126 views comments | 8 tweets | 22 linkedin
UK Open Banking expanded to cover all PSD2 productsUK Open Banking expanded to cover all PSD2...
7803 views comments | 21 tweets | 47 linkedin

Featured job

to £70K base, £105K ote, benefits
London, UK

Find your next job