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Advent enters into agreement with SuperDerivatives to provide pricing and analytics services to Geneva clients

Friday, July 02, 2010
Opalesque Industry Update - Advent Software, Inc., a leading provider of software and services for the global investment management industry, today announced that it has entered into an agreement with SuperDerivatives, Inc. to offer their multi-asset web analytic system and revaluation services to clients of Geneva®, its award-winning portfolio management and fund accounting solution.

SuperDerivatives is a leading derivatives solution provider. It provides real-time pricing for simple and complex derivatives instruments through its unique pricing models.  SuperDerivatives' products cover the spectrum of derivatives usage, including real-time pricing and analytics platforms, risk management systems, portfolio revaluation services, options market data portal and an online trading platform.

Advent will develop an integration accelerator based on the layouts, formats, and instrument constructs of the revaluation pricing services provided by SuperDerivatives.  The accelerator will enable clients to feed this data directly into the Geneva® application via Advent’s Workflow Manager Integration Tool.  In teaming with SuperDerivatives, Advent will be able to offer clients a single cost-effective, automated interface for providing OTC derivatives pricing data into Geneva®.

“Advent is very pleased to provide our Geneva® customers a turnkey pre-integrated revaluation solution through this new relationship with SuperDerivatives,” said Chris Momsen, Senior Vice President and General Manager of Global Accounts at Advent. “This marks another step in our efforts to continue building out middle-office functionality in Geneva®, and demonstrates our ongoing commitment to delivering further value for our clients.”

Zohar Hod, Senior Vice President for Business Development and Strategic Sales at SuperDerivatives, commented, “We are delighted to be working with Advent; our web analytic application and revaluation service for derivatives are ideally suited to the needs of their Geneva® client base comprised of hedge funds, asset managers, prime brokers, and fund administrators.  SuperDerivatives' accurate pricing and valuation for the broadest range of OTC derivatives combined with the Geneva® platform, will deliver the optimal derivatives management tool for their clients.” Corporate website: Source

- FG

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