Advent Software, Inc. (NASDAQ: ADVS), the leading provider of software and solutions for the investment management industry, today announced a major new release of MoxyÂ®, the industryâs most widely used order management system (OMS). MoxyÂ® 6.0 offers enhanced functionality and architecture to better meet the needs of even the largest institutional asset management firms and high net worth (HNW) asset managers, with features that include enhanced trading workflow, consolidated group trading, commission management functionality, and a new multi-tiered architecture.
More than 750 licensed customers are already using MoxyÂ® to reap the benefits of the industryâs leading OMS. Of MoxyÂ®âs 750 clients, which range from traditional institutional and HNW asset managers to long-short hedge funds, almost 100 firms have more than $5 billion in assets under management.
Through its streamlined integration with Adventâs industry-leading portfolio management platforms (Advent Portfolio ExchangeÂ®, GenevaÂ® and AxysÂ®), MoxyÂ® enables true internal and external straight through processing (STP) and brings together mission-critical functions across investment management organizations. MoxyÂ® 6.0 is built on a new multi-tiered architecture that leverages the industry standard MSFT SQL 2005 and .NET 2.0 platform.
âWeâve been very pleased by the enhancements to MoxyÂ®, which augment the value we were already getting from Advent,â said Gordon OâReilly, a partner and portfolio manager with the Toronto-based firm, Cranston, Gaskin, OâReilly and Vernon (CGOV), an investment management firm that manages approximately $1 billion on behalf of high net worth individuals, charitable organizations and institutions. OâReilly, who participated in the MoxyÂ® 6.0 beta program, continued, âThe enhanced user experience and streamlined workflow in MoxyÂ® 6.0 and its seamless integration with Adventâs industry-leading portfolio accounting platform means that we are now better able to focus on our core business of managing client assets instead of managing additional people.â
âThe new release of MoxyÂ® represents an important leap forward for Adventâs industry-leading investment management suite, positioning us to deliver greater value to even the largest of asset management firms,â said Pete Hess, EVP and General Manager of Adventâs Investment Management Group. âWith more than twice the clients of any other provider, MoxyÂ® has long been the leader in trade order management, and our continued investment in the product demonstrates Adventâs ongoing commitment to extending that leadership in the institutional asset management and HNW markets. For investment management firms of any size looking for a trusted partner to help them optimize operations and streamline their investment processes, Advent is the clear choice.â
Key benefits of the new MoxyÂ® include:
â¢ Customizable trader workflow
â¢ Intuitive user interface expedites investment decisions
â¢ Easy access to critical data, enabling timely portfolio development
â¢ Best-of-breed back office integration with Adventâs industry-leading portfolio accounting solutions
â¢ Better integration with third-party applications and data
â¢ Access to industry-leading ease-of-implementation, with over 750 firms implemented worldwide