First Trust turned to Moxy for its built-in modeling, execution and compliance capabilities, as well as its scalability, to keep pace with the firmâs growing trade volume. First Trust also needed a solution that offered flexibility for a high degree of customization and integration to their particular workflow. In addition, First Trust has called on Advent to address a variety of challenges in its trading operations, including setting up trade allocation notifications via FIX and accelerating order importing from proprietary/third party systems.
âThe way our business has grown over the last five years, it just makes a solution like MoxyÂ® very important,â said Roger Testin, Portfolio Manager, First Trust Advisors. âWhen we need to rebalance accounts, we need to automate as much as possible; Moxy has helped us automate the whole process. And fortunately, Moxy interfaces easily with a variety of third-party systems. We have to use a combination of systems, but it all centers around Moxy.â
âMoxy is designed to solve the complex needs of our customers and it continues to extend its leadership in the trade order management space,â said John Bird, Director of Product Marketing at Advent. âWorking in active collaboration with First Trust, we have succeeded in delivering a solution that is aligned with their specific trading requirements and supports their business objectives.â