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

Recorded Webinar: Are you making the most of the business-critical structured data stored in your mainframes?

Fewer than 30% of companies think that they can fully tap into their mainframe data even though complete, accurate and real-time data is key to business decision-making, compliance, modernisation and innovation. For many in financial markets, integrating data across the enterprise and making it available and actionable to everyone who needs it is extremely difficult....

BLOG

ESMA Post-Refit Data Quality Report 2024 (EMIR-SFTR-MiFIR) Improvements and Ongoing Challenges for 2025

The European Securities and Markets Authority (ESMA) recently published its fifth annual report on the Quality and Use of Data for 2024 (the Report), reflecting significant progress in the regulatory community’s approach to data management and utilization. This comprehensive assessment is pivotal as it outlines both the advancements made in the quality of regulatory data...

EVENT

RegTech Summit New York

Now in its 9th year, the RegTech Summit in New York will bring together the RegTech ecosystem to explore how the North American capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

The DORA Implementation Playbook: A Practitioner’s Guide to Demonstrating Resilience Beyond the Deadline

The Digital Operational Resilience Act (DORA) has fundamentally reshaped the European Union’s financial regulatory landscape, with its full application beginning on January 17, 2025. This regulation goes beyond traditional risk management, explicitly acknowledging that digital incidents can threaten the stability of the entire financial system. As the deadline has passed, the focus is now shifting...