Macgregor Joins Omgeo STP Partners Program to Provide Interfaces to Omgeo Central Trade Manager and Omgeo OASYS-TradeMatch

Business Wire, June 26, 2002

Business Editors

Macgregor(TM), a global provider of buy-side trade order management systems (OMS) and FIX network services, today announced that it has signed an agreement to build an interface to Omgeo Central Trade Manager (Omgeo CTM), the new central matching solution for domestic as well as cross-border trades worldwide. Through this agreement, Macgregor clients will be able to connect to Omgeo CTM's central matching and exception processing environment without having to build and maintain their own separate interfaces.

As part of the agreement, Macgregor will also build an interface to Omgeo OASYS-TradeMatch including support for fixed income securities and exception processing. Macgregor currently provides interfaces to Omgeo OASYS(SM), the leading electronic trade allocation and acceptance service and Omgeo OASYS Global(SM), the worldwide electronic trade allocation and confirmation service. The OASYS-TradeMatch interface provides investment managers with real-time central matching of allocations to confirmations for U.S. domestic trades, which is often the most important step towards improving same day affirmation rates.

Stephen Alepa, EVP, Networks Group, Macgregor, commented, "By providing interfaces that connect to the solutions in play today as well as those slated for the future, we are able to insulate our clients from the technical complexity and expense of building and evolving their own interfaces while providing a powerful Macgregor exception management toolset that is integrated into the OMS."

"Providing all clients and counterparties with the ability to operate in an STP environment is an essential piece of improving market efficiency. With the Omgeo/Macgregor interfaces, we are able to provide our mutual clients with a very clear and logical migration option from sequential trade processing to central matching," said Dave Merrill, managing director, global operations at Omgeo. "What we are providing is targeted at their individual business needs and provides a quick return on investment."

Alepa concluded, "Continuing to enhance our connectivity to Omgeo's suite of services is a significant value-add. Agreements like this support our overall strategy of further integrating and automating trade processes in support of STP for our clients."

About Omgeo(SM)

Omgeo LLC is the leading provider of complete global trade management services, processing 800,000 trades per day and serving 6,000 broker-dealers, custodians and investment managers in 40 countries. A unique partnership between the securities industry's leading utility and the commercial sector, Omgeo is industry-backed and market-oriented. Through its integrated suite of Intelligent Trade Management Solutions(SM), Omgeo helps clients move from traditional methods of trade processing to our new unified solutions for trade management. Omgeo provides clients with a managed transition to a new and more efficient way of processing trades and reducing risk and costs while safeguarding existing technology investments. Omgeo is a joint venture company owned equally by The Depository Trust & Clearing Corporation (DTCC) and Thomson Financial. For additional information, please visit www.omgeo.com.

About Macgregor

Founded in 1991, Macgregor has set the standard in trade order management systems for the global buy-side community. Macgregor's unique architectural approach to developing workflow solutions is embodied in its line of Extended Order Management Systems, which combine powerful decision support, compliance and trading tools with a fully integrated and supported FIX network (MFN). These systems help move information through the entire investment process with increased speed, accuracy, and efficiency, resulting in better investment performance. Macgregor's extended architecture affords its clients and partners the efficiencies and power that can only be achieved through a large, diverse and well-connected community of users. With over 220 employees located in offices in Boston, New York, San Francisco, London and Madrid, Macgregor helps more than 70 of the largest institutions in the world manage over $5.5T in global assets.