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Macgregor Positioned for High Growth Through New Sales, Executive Appointments, and Office Expansion

April 17, 2002 – BOSTON – Macgregor™, a global provider of buy-side trade order management systems (OMS) and FIX network services, today announced that a series of recent events positions the company to maintain the aggressive growth rate seen in 2001. Macgregor achieved greater than 50% revenue growth in 2001 over 2000, and ended the year with the opening of a new office in San Francisco to support sales in that region.

Steve Levy, President and CEO, Macgregor, commented, "The market is validating our complete offering: our OMS and fully integrated FIX network services as well as the quality of service and support we are able to provide clients. With more investment managers looking to choose the systems that will help them achieve STP and prepare for T+1, Macgregor stands out as a particularly stable and proven provider of these solutions."

Continuing on last year’s momentum, Macgregor has recently signed on seven new clients. The company has also committed additional resources to expanding its global presence with the hiring of Kevin Milne, EVP. Milne is responsible for Macgregor’s international growth and will be delivering more comprehensive and localized support for the company’s growing non-US client base. With the recent hiring of Andy Clark, VP, STP Solutions, Macgregor has also formalized its efforts to round out its STP solution with the increased integration of post-trade services.