December 18, 2002 – STOCKHOLM - Mantacore Finance AB, a part of the Mantacore Group, dedicated to help Financial customers become more effective by enabling a more automated business process also known as Straight Through Processing (STP), today announced that it has signed an agreement with Macgregor, a global provider of buy-side trade order management systems (OMS) and FIX network services, to become a strategic business partner for Macgregor in the Nordic region. This is the second partnership Macgregor has announced in the Nordic region in as many weeks after announcing an agreement with the direct market access provider NeoNet to allow Macgregor clients to electronically execute trades directly with local markets.
Rudolf Molldal, President Mantacore Finance, stated, "We are experiencing an increasing interest from our clients in lowering their operational risk, cost structure and increase effectiveness. The partnership with Macgregor enables us to deliver leading and unique OMS products and networks to our clients. This makes us feel confident that we will be able to help our clients in streamlining their operational processes in the most effective way."
Kevin Milne, Executive Vice President International, Macgregor, commented "The Nordic region is a key market for us and one we felt we wanted to approach with a local partner who could help us market our services and play a lead role in implementation and localisation. We strive to attain the highest levels of implementation and support and feel that Mantacore has shared values and expertise that can greatly help us in the region to the benefit of our clients..".