Hermes Pensions Management has rolled out the Macgregor Financial Trading Platform (MFTP) to 61 users across its dealing operations.
MFTP is being used for all types of trading including equity, fixed income, and derivatives. Hermes is also utilising the system’s portfolio management and pre-trade compliance modules.
Moving forward, Hermes is looking to add FIX capabilities and plans to implement the Macgregor FIX Network (MFN).
Alan Cook, project manager, Hermes, comments: “Macgregor’s technology has strengthened our order management process at every stage from modelling to trade confirmation. It has also facilitated the introduction of a centralised equity dealing desk.”