EdgeTrade announced that is has fully integrated of its algorithms with Advent Software’s Moxy trade order management system.
The EdgeTrade partnership expands Moxy’s capabilities by adding algorithms developed by an independent, agency only firm. Client firms of EdgeTrade include hedge funds, mutual funds, asset management firms and broker-dealers.
“We are certain that Advent’s Moxy(r) clients will appreciate the significance of having access to our independent, agency only algorithms,” said EdgeTrade CEO, Joseph Wald. “EdgeTrade fosters a consultative bond with clients, to ensure their trading objectives are being supported. As such, we will work with Moxy clients to construct highly specialized tools that help them trade a choice of styles – adapted to their specific trading goals – more effectively and efficiently. Whether it’s customized or brand new algorithmic trading strategies, or high level training in the use of any electronic trading tool in our product suite, EdgeTrade understands that true value is derived by how well we consistently listen and respond to each trader. Traders share sensitive information with us as they trust that EdgeTrade’s independent, agency only model will never compete against them.”
“Our goal is to provide Moxy clients with a range of innovative tools from the sell-side,” said Will Clemens, vice president of Advent’s straight-through processing business line. “Integrating EdgeTrade’s algorithms with Moxy(r) will give our buy-side trading clients first-time access to algorithms developed by an independent, agency only broker and another option for trade execution.”