23 October 2017
Register now

Macgregor launches order management network

29 October 2004  |  3315 views  |  0 trading room?

Boston-based Macgregor has released its XIP 7s order management network (OMN) featuring over 250 extensions to the traditional OMS that enable asset managers to connect with counterparties and access services that reside outside of the firm.

XIP 7s is able to support a firm's execution process from portfolio decision through to settlement by connecting all internal and external parties involved, says the vendor. The process-oriented system combines software based on a service-oriented architecture with a network-based service grid.

Macgregor says 30 clients have selected the new technology and an additional seven are in production. Clients can access over 250 different services on the grid including FIX-based trade execution services, prime brokerage, data and analytics services.

Steven Levy, president and CEO, Macgregor, says: "In our OMN, the software and the network function as a single system, and all the services and integration are supported from front to back."

Levy says XIP 7s allows asset managers to develop new services and capabilities that reflect their unique execution process requirements and incorporate them into the front-end of the system.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Milne quits Macgregor for SS&C Technologies

Milne quits Macgregor for SS&C Technologies

11 June 2004  |  4377 views  |  0 comments
Macgregor integrates Lava direct access technology with XIP

Macgregor integrates Lava direct access technology with XIP

18 June 2003  |  5227 views  |  0 comments
Macgregor reports sharp increase in FIX use for trading

Macgregor reports sharp increase in FIX use for trading

20 May 2003  |  3422 views  |  0 comments
Macgregor to offer GSCS transaction analysis data under OMS

Macgregor to offer GSCS transaction analysis data under OMS

18 March 2003  |  2386 views  |  0 comments
Macgregor reports 32% revenue rise

Macgregor reports 32% revenue rise

17 March 2003  |  2935 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Register now visit www.niceactimize.com

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
19168 views comments | 28 tweets | 41 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
15122 views comments | 23 tweets | 32 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
10944 views comments | 12 tweets | 23 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
8980 views comments | 14 tweets | 28 linkedin

Featured job

Find your next job