Imported from previous forum
[ original email was from David N.W. Sawyer - david.sawyer@radianz.com ]
Macgregor Partners With Radianz to Accelerate FIX Broker Coverage in Europe and Asia
BOSTON and NEW YORK (March 10, 2004 ) - Macgregor, the leading provider of buy-side trade order management systems (OMS) will utilize Radianz’s shared market infrastructure to accelerate the number of brokers in Europe and Asia that Macgregor clients will be able to trade with electronically.
In a joint announcement, Macgregor said it selected Radianz because Radianz’s infrastructure is designed specifically for financial use, has a global footprint of more than 10,000 financial services sites, and handles the Financial Information eXchange (FIX) protocol. The Radianz infrastructure will complement Macgregor’s full service FIX certification and support model and reduce the time it will take Macgregor to add European and Asian brokers to the Macgregor Financial Network (MFN).
"MFN experienced tremendous growth again this past year and further European and Asian expansion is a key goal for us going forward,” said Stephen Alepa, executive vice president of the Macgregor Financial Network. "Today, about 25 percent of our 200 brokers are certified for European and Asian trading. Our focus in 2004 will be to increase this to 50 percent."
Alepa continued, "We felt Radianz was best suited to help us reach our goal given their experience in financial services, the flexibility of their infrastructure to handle different message types and their sizeable broker client base. For example, it will be much easier and faster to connect our buy-side clients to a broker in Asia if the broker is already connected to Radianz’s infrastructure.”
"Macgregor is an industry leader with a reputation for delivering very high levels of customer service and support,” said Chris Church, executive vice president and head of Global Sales & Marketing at Radianz. "This agreement reinforces the quality, neutrality, and global reach of the Radianz infrastructure, which is optimized to meet the financial industry’s requirements for extremely high levels of performance, reliability, and security."
About The Companies
Founded in 1991, Macgregor has set the standard in trade order management systems for the global buy-side investment community. Macgregor’s unique architectural approach to developing workflow solutions is embodied in its Extended Order Management System, Macgregor XIP, which combines powerful decision support, compliance, trading and post-trade tools with a fully integrated and supported FIX network. This system helps move information through the entire investment process with increased speed, accuracy, and efficiency, resulting in better investment performance. The Macgregor Financial Network (MFN) provides the ultimate in liquidity with access to more than 200 broker/dealers, electronic communications networks (ECNs) and alternative trading systems.
Macgregor’s extended architecture affords its clients and partners the efficiencies and power that can be achieved only through a large, diverse and well-connected community of users. With more than 200 employees located in Boston, New York, San Francisco, London, Hong Kong, and Madrid, Macgregor helps more than 90 of the largest institutions in the world manage in excess of US$5.5 trillion in global assets.
Radianz (www.radianz.com) is the leading provider of secure, reliable, and scalable connectivity to the global financial community. Radianz’s shared market infrastructure is a neutral platform that provides turnkey access to a broad array of pre-trade, trading, and post-trade applications from leading content and service providers across the straight-through processing (STP) chain. Radianz was founded by Reuters (LSE: RTR; NASDAQ: RTRSY) and Equant (NYSE: ENT) (Euronext Paris: EQU) in June 2000 and operates as an independent company.
Radianz and the lighthouse logo are trademarks of the Radianz group of companies worldwide.
CONTACTS:
Macgregor
Eric Soderberg
+1.617.239.8767
esoderberg@macgregor.com
Jan Hunter
Hunter & Co. Communications
+1.617.371.1122
hunterjan@aol.com
Radianz
Kelly O’Brien
Intermarket Communications
212-888-6115 Ext. 256
Kelly@intermarket.com