About a-team Marketing Services
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Advent Software Announces Release of Axys 3.8

Subscribe to our newsletter

Advent Software, a provider of software and services for the global investment management industry, today announced the release of Axys 3.8, an important update to Advent’s turnkey portfolio accounting and reporting solution. The latest release of Axys marks Advent’s continued commitment to keeping the platform current as technology and regulatory changes impact its client base.

The accounting, performance, automated reconciliation, and reporting tools in Axys enable firms to easily manage an expansive number of accounts and a range of investment instruments. The solution is used by over 3,000 asset management clients around the globe – including hedge funds, family offices, wealth managers, registered investment advisors and financial planners.

Axys 3.8 includes updates to support the 2010 Options Symbology Initiative (OSI). OSI is an industry-wide overhaul of the longstanding five-character options symbol. On February 12, 2010, the options industry is shifting to a more descriptive character string that is up to 21 characters in length.

In addition to enhancements to support the 2010 OSI, other updates to Axys 3.8 include: reporting enhancements and compatibility with new platforms, including Adobe Acrobat 9 and Microsoft Internet Explorer 8.

Lynne Rosenfeld, chief administrative officer, Soundview Capital Management Corporation, commented, “We have relied on Axys as the core technology platform of our investment operations for the past five years. As a firm that constantly trades options, we were worried about how we would handle the industry’s option symbol change. We have been extremely pleased to see that the new OSI platform in the Axys 3.8 update has made the transition seamless to our workflow. The enhancements and timing of this release demonstrate Advent’s commitment to keeping Axys current for its clients in these changing times.”

“We are very pleased to provide our clients with Axys 3.8, our second new release to the product in just over a year,” said Michele Holton, director of product marketing at Advent. “The updates to support OSI, as well as the platform compatibility and reporting enhancements help us to continue to deliver outstanding value to our 3,000-plus Axys customers who rely on the solution to run their investment management business.”

In addition to releasing Axys 3.8, Advent has also released a new version of Advent General Ledger Exchange (GLX), its general ledger interface tool. The latest version of GLX, version 2.5, includes support for OSI, as well as allowing for compression of journal entries, the ability to post unrealised gains on market, and numerous other product enhancements.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Taming the Private Markets Data Beast: Solving for Valuation, Integration, and Reporting in Alternative Investments

Date: 7th October 2026 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Institutional activity in private markets has surged as organisations’ traditional investment theses have been upended by global economic volatility, geopolitical instability and fee compression. In their search for better risk-adjusted returns, they have found a rich seam of alpha...

BLOG

ICMA and ISLA Push Basel III Debate Into Securities Financing

The International Capital Market Association (ICMA) and the International Securities Lending Association (ISLA) argue that US regulators should look more closely at how individual capital components contribute to overall exposure across repo, securities lending and derivatives markets in their Joint Response to Basel III NPR. The joint response uses two securities financing examples to make...

EVENT

AI in Capital Markets Summit London

Now in its 3rd year, the AI in Capital Markets Summit returns with a focus on the practicalities of onboarding AI enterprise wide for business value creation. Whilst AI offers huge potential to revolutionise capital markets operations many are struggling to move beyond pilot phase to generate substantial value from AI.

GUIDE

AI in Capital Markets Handbook 2026

AI adoption in capital markets has moved into a more disciplined phase. The priority is now controlled deployment: where AI can be used safely, where it can deliver measurable value, and how outputs can be governed, monitored and evidenced. The 2026 edition of the AI in Capital Markets Handbook examines how AI is being applied...