22 September 2017
Visit http://response.ncr.com

Advent Software adds ten algo brokers to Moxy

10 November 2005  |  1329 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)
download the paper nowvisit www.capgemini.comvisit www.sibos.com

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
12872 views comments | 27 tweets | 42 linkedin
AXA launches blockchain to cover late flight compensationAXA launches blockchain to cover late flig...
8581 views comments | 13 tweets | 27 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
8362 views comments | 19 tweets | 27 linkedin
SBI Ripple Asia advances on South KoreaSBI Ripple Asia advances on South Korea
7762 views comments | 16 tweets | 1 linkedin
European Commission makes fintech a priority in supervisory shakeupEuropean Commission makes fintech a priori...
7647 views comments | 31 tweets | 45 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job