Macgregor Signs Alliance Agreement with Olmstead Associates, Inc

September 18, 2002 – BOSTON – Macgregor™, a global provider of buy-side trade order management systems (OMS) and FIX network services, today announced it has signed an alliance agreement with Olmstead Associates, a securities industry consulting and training firm. Olmstead Associates consultants have completed the Macgregor Certification Program, allowing them to work alongside existing Macgregor resources during OMS implementations.

Rob Flatley, EVP Sales & Services, Americas, at Macgregor, commented, "We continue to add new clients at a steady rate, and this type of alliance helps us manage this growth in terms of implementation resources. Olmstead Associates consultants are now Macgregor-certified to work in conjunction with the Macgregor team during implementations at new client organizations. With these additional resources, we will be able to deploy our system more quickly and efficiently, thereby enhancing the overall implementation experience for our clients."

Phil Sindel, Director, Olmstead Associates, stated, "When we work with a client who chooses Macgregor, we are now able to provide ongoing support throughout the system implementation. It's yet another way we can increase the level of service we offer our clients."

The Macgregor Certification Program is offered through Macgregor University, Macgregor's dedicated training facility that provides product training for clients as well as certification programs for business partners.

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