November 12, 2002 – BOSTON – Macgregor™, a global provider of buy-side trade order management systems (OMS) and FIX network services, today announced that Harris Associates has selected the Macgregor Financial Trading Platform™ (MFTP™) to automate its equity trading. Harris Associates L.P. chose the Portfolio Manager Workstation, Compliance and Macgregor FIX Network (MFN) components of MFTP. The system will be deployed to over 50 users.
John Raitt, Chief Operating Officer (COO), with Harris Associates L.P. commented, "Macgregor’s FIX solution is very compelling. They are the only OMS vendor offering a complete solution that includes the FIX engine and network. This eliminates the need to conduct additional vendor searches and hire more staff. Additionally, Macgregor’s continued financial investment in improving their product made me confident they were the firm to partner with long-term for such a mission critical application".
Rob Flatley, COO, Macgregor, stated, "We are excited that Harris Associates L.P. has decided to partner with Macgregor for their trade order management and electronic trading needs. We look forward to getting the system deployed so that they can realize the performance and efficiency gains they were looking for".