San Francisco, February 27, 2006 - Advent Software, Inc. (NASDAQ: ADVS), the leading provider of software and services to the investment management industry, today announced that Financial Management Advisors, LLC and Taiyo Pacific Partners LP are among the latest firms to adopt MoxyÂ®, Adventâs trade order management system.
More than 70 firms have selected MoxyÂ® since its latest version was introduced 15 months ago. With over 700 clients worldwide, MoxyÂ® is the most widely used trade order management system in the industry today.
âWeâve been making great strides in attracting new firms - particularly hedge funds - to MoxyÂ®, by offering a solution that maximizes trader efficiency, offers comprehensive global security coverage, and connects to a wide variety of trading partners,â said Creighton Reed, Director of Product Marketing for Adventâs Trade Order Management and Compliance business. âIn todayâs competitive environment weâve been very pleased with the rate of adoption MoxyÂ® is experiencing.â
Advent most recently announced upgrades to MoxyÂ®âs Profit and Loss functionality, enabling further flexibility to define multiple views and groupings of a fundâs positions. MoxyÂ® enables fast, precise trade creation and improved order execution. By streamlining the trade order management process, MoxyÂ® helps traders scale their businesses, handle more accounts with fewer resources and improve connectivity with counterparties.