Accounting and Financial Software
Advent Software Announces New Hedge Fund Profit & Loss Tool for Moxy®
The Second Release of the Moxy(R) P&L Tool Delivers Real-time Customizable Access to Critical Decision-Making Data
SAN FRANCISCO, Oct. 3 / -- Advent Software, Inc. (NASDAQ:ADVS) announces the second version of its Profit and Loss (P&L) Tool. This unique functionality is embedded in Advent's Moxy(R) trade order management system, giving hedge funds the flexibility to define multiple views and groupings of a fund's positions. Moxy(R), most recently upgraded to meet the specific demands of hedge funds, is used by more than 700 firms world wide.
With the Moxy(R) P&L Tool, hedge fund managers can view their positions grouped by strategy, sector, or daily performance. It also features:
-- Comprehensive Functionality: Managers are armed with full multi-currency capability and are able to organize positions by three levels of strategy, customize pricing rules down to the investment-type level, create definable keyboard shortcuts for all P&L functions, and trade directly from the P&L Tool.
-- Real-time Customized Views: Each user can create and save their own views of the data that is most important to them, which can be viewed in real time.
-- Frequent Updates: Because of the P&L Tool's unique design, Advent is able to update this functionality on a more frequent basis than its full release of the entire Moxy(R) application.
The Moxy(R) P&L Tool is integrated closely with Advent's portfolio accounting and management systems, allowing hedge fund managers to easily view fund positions down to the tax-lot level, and view month-to-date, quarter-to- date, and year-to-date P&L information -- a unique feature. The tool also can be accessed throughout a firm regardless of how many employees in the firm are using the full Moxy(R) application.
"The Moxy(R) P&L Tool empowers hedge funds to distill and view the profit and loss information they deem most important, all in real-time," said Mike Gamson, director of Advent's trade order management and compliance business "Armed with this information, managers are then able to react efficiently and strategically to the opportunities they see in the marketplace."
About Advent
Advent Software, Inc., a multi-national company, has been providing trusted solutions to the world's leading financial professionals since 1983. Firms in 50 countries using Advent technology manage investments totaling more than US $8 trillion. Advent's quality software, data and services enable financial professionals to improve service and communication to their clients, allowing them to grow their business while controlling costs.
NOTE: ADVENT and MOXY are registered trademarks of Advent Software, Inc. or its subsidiaries. All other company names or marks mentioned herein are those of their respective owners.
CONTACT: Kathleen Golden of Advent Software, Inc., +1-415-645-1336, or kgolden@advent.com; or Jacqueline Chen of Ogilvy Public Relations, +1-212-880-5335, or jacqueline.chen@ogilvypr.com, for Advent
Web site: http://www.advent.com/
