San Francisco, October 3, 2005 â Advent Software, Inc. (NASDAQ: ADVS) announces the second version of its Profit and Loss (P&L) Tool. This unique functionality is embedded in Adventâs MoxyÂ® trade order management system, giving hedge funds the flexibility to define multiple views and groupings of a fundâs positions. MoxyÂ®, most recently upgraded to meet the specific demands of hedge funds, is used by more than 700 firms world wide.
With the MoxyÂ® P&L Tool, hedge fund managers can view their positions grouped by strategy, sector, or daily performance. It also features:
Â· Comprehensive Functionality: Managers are armed with full multi-currency capability and are able to organize positions by three levels of strategy, customize pricing rules down to the investment-type level, create definable keyboard shortcuts for all P&L functions, and trade directly from the P&L Tool.
Â· Real-time Customized Views: Each user can create and save their own views of the data that is most important to them, which can be viewed in real time.
Â· Frequent Updates: Because of the P&L Toolâs unique design, Advent is able to update this functionality on a more frequent basis than its full release of the entire MoxyÂ® application.
The MoxyÂ® P&L Tool is integrated closely with Adventâs portfolio accounting and management systems, allowing hedge fund managers to easily view fund positions down to the tax-lot level, and view month-to-date, quarter-to-date, and year-to-date P&L information â a unique feature. The tool also can be accessed throughout a firm regardless of how many employees in the firm are using the full MoxyÂ® application.
"The MoxyÂ® P&L Tool empowers hedge funds to distill and view the profit and loss information they deem most important, all in real-time," said Mike Gamson, director of Adventâs trade order management and compliance business "Armed with this information, managers are then able to react efficiently and strategically to the opportunities they see in the marketplace."