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Macgregor Signs Alliance Agreement with Access Data Corp.

August 21, 2002 – BOSTON – Macgregor™, a global provider of buy-side trade order management systems (OMS) and FIX network services, today announced it has signed an alliance agreement with Access Data Corp., specialists in strategic business and technology solutions for financial services companies. Access Data consultants have completed the Macgregor Certification Program, enabling them to augment existing Macgregor resources during OMS implementations.

Rob Flatley, EVP Sales & Services, Americas, at Macgregor, commented, "Our prospects often rely on firms such as Access Data to help them through the OMS selection process. The next step is implementing the system. As a Macgregor-certified implementation provider, Access Data can now apply their expertise to assist clients with the implementation aspects of our OMS."

James J. Dolan, President and CEO of Access Data, added, "We have channel partner agreements with several of the industry’s top systems providers and are excited about having this important new relationship with Macgregor. Through this alliance, we have increased our technical knowledge of their systems and strengthened our business expertise to enhance the speed and quality we are able to provide clients who are implementing Macgregor’s OMS."

Larry Rinne, Regional Managing Director at Access Data, said, "Straight-through processing (STP) will continue to be a key initiative for many of our investment manager clients. Macgregor’s OMS and FIX Network capabilities provide the keys that unlock STP for clients, helping them minimize risk and reduce costs."

The Macgregor Certification Program is offered through Macgregor University, Macgregor’s dedicated training facility that provides product training for clients as well as certification programs for business partners.