Abel Noser Solutions Partners With SS&C Advent To Help Moxy Clients Meet Best Execution Responsibilities While Improving Trading Clarity
Innovative tool monitors trades while providing actionable feedback on execution quality, counterparty best practices and broker rankings to help Moxy® clients meet their fiduciary responsibilities
NEW YORK, Dec. 6, 2018 /PRNewswire/ -- Abel Noser Solutions announced today that they have extended their partnership with SS&C Advent to make Abel Noser's innovative best execution TCA platform available to the Moxy client base. The proprietary software solution will enable Moxy clients to document and communicate best execution compliance to regulators, board members and customers. The tool also allows users to contextualize their trading against peer data pulled from Abel Noser's $11+ trillion multi-asset TCA universe.
"Moxy has been carefully designed to help our clients execute quick and confident trading decisions. With additional scrutiny from regulations such as MiFID II, our clients need to be able to deliver best execution compliance," said Daniel Eriksson, Vice President Solutions Management, SS&C Advent. "Our partnership with Abel Noser Solutions creates a dedicated reporting package proving and documenting best execution practices."
According to executives from both companies, the tool's functions include the ability for Moxy trade order management system clients to rank brokers and measure their executions while discerning whether trading counterparties of all kinds follow prescribed best practices.
Commenting on the announcement, Peter Weiler, President of Abel Noser Solutions said, "We are thrilled to be adding access to our existing TCA platform to provide a reporting solution that monitors trading results with extraordinary detail. Our partnership addresses ongoing regulatory challenges by helping clients remain compliant and competitive in today's investment landscape."
Mike Earlywine, Abel Noser SVP of Channel Partnerships adds, "This is a really exciting next step in our ongoing collaboration with SS&C Advent to provide turnkey analytics for Moxy OMS clients so they can stay ahead of regulatory headwinds while adding actionable clarity to their trading process."
SS&C Advent's Moxy trade order management solution helps 600+ firms make and execute trading decisions quickly and confidently. Featuring built-in connectivity to multiple counterparties, custodians and trading venues, Moxy streamlines trading workflow for 8,000+ users while giving control and visibility across the entire process, from asset allocation through settlement.
About Abel Noser Solutions
Abel Noser Solutions has long been respected as a leader in the campaign to lower the costs associated with trading. With hundreds of clients worldwide, Abel Noser Solutions offers software products along with consultative and bespoke services in the areas of trade analytics, compliance, and trade surveillance. We continue to hold our place as the leading innovator in TCA, compliance software, and service solutions. Abel Noser Solutions has offices in New York, London, Metro DC, Atlanta and Los Angeles. Learn more at www.abelnoser.com.
About SS&C
SS&C is a global provider of investment and financial software-enabled services and software for the global financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut and has offices around the world. Some 13,000 financial services and healthcare organizations, from the world's largest institutions to local firms, manage and account for their investments using SS&C's products and services.
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Jerry Boak
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SOURCE Abel Noser
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