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Royal London Asset Management Selects Macgregor With Eye Towards Electronic Trading and Best Execution

January 28, 2003 – LONDON – Macgregor™, a global provider of buy-side trade order management systems (OMS) and FIX network services, today announced that Royal London Asset Management has selected the Macgregor Financial Trading Platform™ (MFTP™) to automate its equity trading. Royal London Asset Management chose the Portfolio Management, Compliance and Macgregor FIX Network (MFN) components of MFTP. The system will be deployed to 40 users.

Andrew Carter, Chief Investment Officer (CIO) with Royal London Asset Management commented, "Having reviewed other OMS systems we chose Macgregor for their electronic trading capabilities and proven track record of successful system implementations. On day one we will have access to more than 130 liquidity destinations via their own FIX network and the openness of their system will give us the ability to add on additional systems for performance, risk and transaction cost measurement and benchmarking. With their track record, enthusiasm and commitment, Macgregor became the obvious choice."
Kevin Milne, Executive Vice President, International, Macgregor, stated, "We were excited to learn that electronic trading and best execution were a priority for Royal London Asset Management. As a firm we have invested a significant amount of resources in that area of the business and knew they would find our solution compelling. We look forward to deploying and supporting Royal London Asset Management out of our London office and providing them the high level of localized support they deserve.