Boston-based Batterymarch Financial Management, a wholly-owned subsidiary of Legg Mason, has selected the Macgregor Financial Trading Platform (MFTP) to replace its existing order management system (OMS) across its domestic, international and emerging markets equity desks.
In the first stage of the implementation, MFTP will be installed on the international and emerging markets desks, replacing another third-party OMS. The OMS solution will then be installed on the firm's domestic desk in the second stage of the implementation, replacing a proprietary in-house system.
Fran Tracy, president and chief financial officer, Batterymarch, says: “We were primarily attracted by MFTP’s real-time pre-trade compliance and electronic trading capabilities."