Sungard's Valdi certified by Advent for Moxy

14 Jul 2010, 01:00:00

Advent Software has announced that SunGard's 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 Moxy®, Advent's trade order management solution. The addition of Valdi Liquidity Solutions brings the number of algorithmic trading strategies integrated into Advent's Moxy® electronic order routing technology to more than 225. The integration of algorithmic trading with Moxy® aims to provide traders with the tools necessary to find liquidity and seek best execution while reducing the number of applications on the trader's desktop. The algorithmic trading strategies offered by SunGard and other Advent FIX (Algorithmic) Certification partners are provided free of charge to Moxy® clients.

"The ability of Moxy® 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," said Kyle Krueger, Equity Trader, Tortoise Capital Advisors. Mark Volker, senior vice president in SunGard's trading business, said, "The integration of SunGard's Valdi Liquidity Solutions, Valdi dark pool aggregator and algorithmic trading strategies into the Moxy® 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."

"Traders rely on Moxy® as the hub for their desks. By bringing their critical trading partners to them, through Moxy®, traders can focus on a single execution platform when executing their trades in the market, instead of managing multiple applications," said Tim Decker, Product Manager, Electronic Trading and Connectivity, Advent Software. "SunGard and Advent have enjoyed a long standing relationship, bringing innovation and industry leading tools to trading desks. The addition of SunGard's Valdi strategies helps strengthen traders' ability to manage their trades with efficiency and control."

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