BOSTON--June 16, 2005--Macgregor(R), a leading provider of execution process technology for the global financial community, today announced it will launch its new state-of-the-art Macgregor XIP Enterprise Compliance solution at this year's SIA Technology Management Conference in New York. Scheduled for release on June 28th, XIP Enterprise Compliance will be available on a stand-alone basis and later this summer as an integrated component of the Macgregor XIP Order Management Network(TM) (OMN(TM)).
XIP Enterprise Compliance is a comprehensive compliance control and reporting solution that supports all asset types, investment products and the unique requirements of mutual funds, hedge funds, institutional accounts, and high net worth retail accounts.
Its patent pending architecture makes XIP Enterprise Compliance the first and only compliance solution with the power to support time-of-trade testing of all regulations, firm policies and customer guidelines throughout all phases of the investment process.
Compared with current compliance solutions XIP Enterprise Compliance dramatically reduces implementation costs and timeframes with natural language rule building that requires virtually no training, an advanced database design and the most modern integration technologies including XML, MSMQ and ETL tools. It is also the only compliance solution available that can support the latest record keeping and reporting demands of the SEC including affirmative reporting.
Michael Woodward, Vice President of Strategic Development stated:
"We have built a portfolio compliance solution that will scale to the needs of the largest global asset managers yet still be easy for firms of all sizes to implement. XIP Enterprise Compliance provides the greatest possible control with the least possible disruption to the investment process. We achieved this using advanced technology, a team of business experts and the help of our clients. We are excited to release XIP Enterprise Compliance and are confident it will set a new standard for portfolio compliance solutions."