Finland-based Mandatum Private Bank - part of Nordic banking conglomerate Sampo Group - is implementing Advent Software's Moxy to automate its trade order management operations.
The Moxy platform automates manual trading and order management processes and features portfolio modelling and rebalancing, what-if scenarios, intra-day order management, pre- and post-trade compliance checking and electronic order routing and trade execution.
Karri Haaparinne, SVP, Mandatum Private Bank, says: "We needed a solution that would help us gain better control of our work flow processes within the trade order management function. We also saw the possibility to increase the level of automation, improve operational efficiency and upgrade our compliance processes."
Advent says its Moxy technology is used by nearly 700 clients worldwide. Mike Gamson, director of trade order management and compliance, says: "Our goal with Moxy is to streamline the order management process, enabling firms to scale their businesses, handle more accounts with fewer resources and improve connectivity with counterparties."