Advent Software Inc. (NASDAQ: ADVS) a leading provider of software and services for the global investment management industry, today announced that SunGardâs Valdi Liquidity Solutions has become the latest algorithmic trading provider to become certified by Advent to deliver advanced, algorithmic trading tools, including the Valdi dark pool aggregator, integrated with MoxyÂ®, Adventâs industry leading trade order management solution. The addition of Valdi Liquidity Solutions brings the number of algorithmic trading strategies integrated into Adventâs MoxyÂ® electronic order routing technology to more than 225. The integration of algorithmic trading with MoxyÂ® provides traders with the tools necessary to find liquidity and seek best execution while reducing the number of applications on the traderâs desktop. The algorithmic trading strategies offered by SunGard and other Advent FIX (Algorithmic) Certification partners are provided free of charge to MoxyÂ® clients.
Algorithmic trading continues to be at the forefront of electronic trading, with three quarters of U.S. firms employing algorithmic trading on their desks. Over half of the traders who use MoxyÂ® employ algorithms for more than 25% of their equity trading, with the majority of traders employing strategies from four vendors or more. Integration of algorithmic trading strategies into the MoxyÂ® trade order management solution helps streamline workflow, support a comprehensive range of parameters and allows traders control of their order directly from MoxyÂ®.
âThe ability of MoxyÂ® to integrate our critical algorithmic trading partners into one OMS reduces the complications of multiple trading platforms and provides our traders the control, customization and strategies we need when seeking best execution for our trades,â said Kyle Krueger, Equity Trader, Tortoise Capital Advisors.
The addition of SunGardâs Valdi algorithms and dark pool aggregator to the FIX (Algorithmic) Trading Certification program is the most recent development in the more than 10 year relationship between SunGard and Advent.
Mark Volker, senior vice president in SunGardâs trading business, said, âThe integration of SunGardâs Valdi Liquidity Solutions, Valdi dark pool aggregator and algorithmic trading strategies into the MoxyÂ® OMS provides traders with advanced tools to find liquidity and seek best execution. This integration results from our ongoing commitment to work with Advent to innovate and respond to the needs of traders.â
âTraders rely on MoxyÂ® as the hub for their desks. By bringing their critical trading partners to them, through MoxyÂ®, traders can focus on a single execution platform when executing their trades in the market, instead of managing multiple applications,â said Tim Decker, Product Manager, Electronic Trading and Connectivity, Advent Software. âSunGard and Advent have enjoyed a long standing relationship, bringing innovation and industry leading tools to trading desks. The addition of SunGardâs Valdi strategies helps strengthen tradersâ ability to manage their trades with efficiency and control.â