First Trust Advisors, a portfolio management firm with about $22 billion in assets under supervision, has implemented Advent Software's Moxy trade order management system to handle its increasing trading volumes and accounts.

First Trust is leveraging Moxy's built-in modeling, execution and compliance capabilities and has also set up trade allocation notifications via FX and is accelerating order importing from proprietary/third party systems with the system.

In a statement Roger Testin, Portfolio Manager at First Trust Advisors, said, "When we need to rebalance accounts, we need to automate as much as possible; Moxy has helped us automate the whole process. And fortunately, Moxy interfaces easily with a variety of third-party systems. We have to use a combination of systems, but it all centers around Moxy."

Added John Bird, Director of Product Marketing at Advent, "Moxy is designed to solve the complex needs of our customers and it continues to extend its leadership in the trade order management space. Working in active collaboration with First Trust, we have succeeded in delivering a solution that is aligned with their specific trading requirements and supports their business objectives."