Moxy clients will also be able to access the liquidity they need through a real-time integration with BIDS Trading
Advent Software, a provider of software and services for the global investment management industry, has partnered with BIDS Trading, a US-based broker-dealer, for expanded liquidity access.
According to the company, the collaborative relationship with BIDS Trading offers expanded trading integration options for Advent’s more than 850 Moxy clients, and further extends Advent’s trading footprint for the asset management industry.
Advent Software said that Moxy clients will be able to access the liquidity they need through a real-time integration with BIDS Trading while maintaining the control and choice traders need to implement a firm’s strategy in the marketplace.
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, added Advent Software, said the company.
Tim Decker, product manager of electronic trading connectivity at Advent Software, said: “The integration between Moxy and the BIDS ATS responds to our clients’ needs for real-time liquidity access and the tools necessary to compete in today’s markets.”
Advent Software, a global firm, has provided services to financial professionals since 1983. BIDS Trading, L.P. is a registered broker-dealer and the operator of the BIDS Alternative Trading System (ATS). Developed by a consortium of leading financial services firms, the BIDS ATS resolves the paradox of the block trader.