Moxy 7.0 trade order management now available from Advent

Advent Software Inc. yesterday announced availability of Moxy 7.0, the latest version of the trade order management system that's so popular with registered investment advisory firms. All told, the software is used by 850 financial services firms around the world. A new modeling engine, called Moxy Portfolio Manager, takes the top billing in the announcement. That system is supposed to support complex asset allocation structures and methodologies, introduces portfolio drift analysis and allows for better drift monitoring. It also boasts expanded counterparty connectivity, With the new monitoring features, firms should be able to set and adjust parameters that in turn trigger alerts when a given portfolio's composition has moved out of alignment with objectives. There are also additional cash management features and capabilities for managers that include tools to help track projected cash balances and execution cash to help avoid cash errors. Moxy 7.0 connects to multiple custodians and trading venues, including more than 20 algorithmic trading partners and five of the top dark pools. This version aims to simplify some aspects of post-trade workflow by providing file uploads that help streamline operations involved with straight through processing of trades. Thanks to its FIX connectivity, advisers and others in financial services can route and track trades from creation through settlement. Advent does not share specific pricing information other than to disclose that it is based on both a firm's assets under management and number of seats. For more information visit Advent's Moxy online. Related stories: Advent launches latest version of Geneva Advent Software rolls out version 3.0 of APX Custodians rev up their platforms Fidelity WealthCentral adds clients, trading capabilities New portfolio management software emerges to take on Advent, Schwab