SunGard Expands Post-Trade Connectivity for Advent's Moxy Customers

By Tim Clark, Wall Street & Technology

SunGard and Advent Software recently announced the availability of STN for SWIFT to investment managers using Moxy, Advent's trade order management system.STN for SWIFT helps investment managers experience the benefits of SWIFT membership on an ASP basis. The integration with Advent helps Moxy users leverage SunGard's SWIFT membership to transmit trade instructions to their custodians and other interested parties over the SWIFT network using industry standard formats. The solution includes a user-friendly front-end interface for tracking messages as well as updating trade settlement instructions. "Using the STN for SWIFT messaging extraction directly from our Moxy system has helped Optimum to reduce time and errors when reporting trades and make significant strides in moving towards a straight-through processing environment," stated Michelle Katauskas, director of operations and trading, Optimum Investment Advisors. "Without utilizing STN for SWIFT to access the SWIFT community, we would not have been able to automate this portion of our operations, as the implementation and expense of joining SWIFT on our own would have been nearly impossible."