Macgregor, a provider of buy-side trade order management systems (OMS) and FIX network services, is reporting 50% revenue growth in 2001 against equivalent performance for 2000.
As a private company Macgregor does not divulge actual financials. But with OMS increasingly viewed as a vehicle for delivering straight-through processing gains via the buy-side, Macgregor - alongside competitor firms such as Charles River Development and Longview - is fortunate enough to occupy one of the few market niches expecting continued growth.
In trumpeting its revenue growth, Macgregor points to seven new clients (again, names not divulged) and the recent opening of a new office in San Francisco to support sales in that region.
The company clearly believes there is ample demand for its products and approach in virgin markets. Macgregor recently recruited Kevin Milne from Omgeo to spearhead its expansion into the European markets, and Andy Clark from Arthur Andersen for a push into the post-trade environment.