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Macgregor Gains Asian Market Expertise From Partnership With Headstrong

February 17, 2003 – BOSTON/LONDON – Macgregor™, a global provider of buy-side trade order management systems (OMS) and FIX network services, today announced a partnership with Headstrong, a global systems integration consultancy with expertise in the Asian financial markets and a regional office in Hong Kong. Headstrong will become certified on Macgregor's products through Macgregor University and will work with Macgregor's Hong Kong based staff on system implementations throughout the region.

Gary Plotkin, Macgregor's Vice President of Professional Services, and former Accenture partner, commented, "We pride ourselves on getting our clients live on time and on budget and believe our alliance with Headstrong will help us maintain our successful track record. Headstrong's project management expertise, long-term financial services relationships, and successful system implementations make them the perfect partner. As well, Headstrong’s electronic trading knowledge and understanding of the local markets is unsurpassed in the region."

Jon-Paul Jones Principal at Headstrong added, "Our mission is to deploy technologies that help firms achieve measurable business results. It's great when we are able to partner with a vendor like Macgregor who already has a proven product, but needs local market expertise. We are also seeing momentum in the region with respect to the FIX protocol. The regional exchanges are adopting FIX as the standard protocol for electronic messaging and an Asia/Pacific FIX committee has recently been established. Macgregor's forte is FIX. They were the first vendor to build a FIX Network and have been providing FIX trading solutions for over eight years. Who better to partner with in a region where FIX is poised to take off?"