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Macgregor Completes Eight Day OMN Implementation for Moon Capital Management

Six new clients live so far this year on Macgregor XIP 7s

BOSTON--May 31, 2005--Macgregor(R), a leading provider of execution process technology for the global financial community, announced today that it completed an eight day implementation of the Macgregor XIP Order Management Network(TM) (OMN(TM)) for Moon Capital Management. The implementation included the portfolio management, trading and compliance components of Macgregor XIP and network connectivity to multiple brokers. Moon is the sixth new client so far this year to go live on Macgregor XIP 7s, bringing the total number of clients live on this version to twenty-three.

Richard Cunningham, Senior Vice President of Sales for Macgregor stated, "Our OMN is a great solution for firms like Moon Capital who are looking for a turnkey solution for reducing errors and improving efficiencies throughout their execution process. The openness of our solution and plug-and-play nature of our network enables us to get clients like Moon up-and-running quickly. We are excited to have Moon on board and are looking forward to helping them grow their business."