Mellon Capital Management is to roll out Macgregor's Financial Trading Platform (MFTP) for domestic and international equity order management to 25 users across its brokerage operations.
Mellon Capital will also install 15 connections to Macgregor's FIX network (MFN), which provide clients with access to over 115 brokers and every major ECN (electronic communication network). The firm plans to increase its number of broker connections in the future.
Jim Tufts, executive vice president and chief operating officer of Mellon Capital, comments: “On the product side, we were impressed with the level of connectivity built into the order management system via MFN."