Trading technology provider Advent has added a new portfolio drift function to its latest order management system (OMS), designed to alert investors when changes to a portfolio fall out of line with investment objectives.
The new version of Advent's OMS, Moxy 7.0, also includes a new portfolio management tool, which supports complex asset allocation methodologies and modelling, enhanced cash management capabilities and greater connectivity to dark pools and algorithmic trading partners. The OMS's open architecture model facilitates integration with Advent and third-party systems.
According to Advent, Moxy's interface and expanded connectivity network could help investors by streamlining investment processes, improving operational efficiency and reducing risk.
“Moxy 7.0 drift analysis has helped us actively identify portfolios that may be moving off strategy and require our attention, and we've already seen time-savings result from the customised order entry features,” said Joseph Powers, associate director at investment management company Silver Bridge Capital Management. “We've had great success establishing a centralised trading desk powered by Moxy and believe the new features included in Moxy 7.0 will help us take our business to the next level.”
“Given the events of the past few years, the industry is facing increased pressure to deliver more transparency to investors, reduce risk and streamline operations,” added Sang Lee, co-founder and managing partner of research firm Aite Group. “The new features and functionality included in Moxy 7.0 should help firms increase efficiency and bring proactive performance monitoring to the trading desk.”