ADVENT, BIDS PARTNER TO OFFER MORE TRADING INTEGRATION

Posted March 20, 2009

SAN FRANCISCO – Investment management software provider Advent Software Inc. (Nasdaq: ADVS), has partnered with alternative trading system provider BIDS Trading to expand trading integration options for more than 850 Advent clients using its Moxy trader order management solution, and extend Advent’s trading footprint for the asset management industry.

Through the integration with BIDS Trading, Moxy clients can search for block liquidity in both the BIDS ATS and the New York Block Exchange (NYBX), the recently launched joint venture of BIDS Holdings and NYSE Euronext. The NYBX is the first venue of its kind to allow non-displayed liquidity to anonymously access both the displayed and reserve liquidity of the NYSE order book.

“Our clients rely on Moxy to efficiently manage their investment and trading workflow,” says Tim Decker, Product Manager, Electronic Trading Connectivity, Advent. “The integration between Moxy and the BIDS ATS responds to our clients’ needs for real-time liquidity access and the high-powered tools necessary to compete in today’s markets.”

Moxy clients will be able access the liquidity they need through real-time integration with BIDS Trading while maintaining the control and choice traders need to implement a firm’s strategy in the marketplace.

“We are pleased that Moxy clients can now execute trades on both the BIDS ATS and NYBX with minimal risk of information leakage,” says Tim Mahoney, Chief Executive Officer of BIDS Trading. “Partnering with Advent brings BIDS Trading a step closer to achieving our goal of creating an open, flexible platform for institutional investors to anonymously execute block trades.”