Macgregor, a global provider of buy-side trade-order-management systems and FIX-network services, announced that the State of Michigan has selected the MacgregorFinancial Trading Platform to automate its equity and fixed-income trading. The State of Michigan has selected components including the Portfolio Manager Workstation, Advanced Fixed Income, and the Macgregor FIX Network. The system will be rolled out to 20 users.
Financial Models Company Inc., a provider of technology solutions and services to the investment world, announced that Burgundy Asset Management Ltd., a Canadian investment-counseling firm, has chosen FMCSylvan as its performance-measurement solution. Burgundy Asset Management Ltd. provides discretionary investment-management services to private individuals, as well as charitable foundations, endowments and pension funds.
Financial Fusion, Inc. announced the general availability of a new solution, TradeForce Suite GlobalFIX, to offer enterprise-level FIX-connectivity features and options at entry-level pricing. GlobalFIX is designed to provide a complete packaged solution for unlimited FIX connectivity and flexible deployment models. GlobalFIX is architected to support a diverse range of users from firms that require simple solutions for minimal counter party connections to the most complex routing needs of market leaders.
Also, Financial Fusion, Inc. announced the general availability of the ISO 15022 Accelerator Program. The program is designed to bring the over 3,400 investment and asset managers that have not yet implemented an ISO 15022 solution into compliance with the SWIFT deadline in November. The ISO 15022 Accelerator Program consists of an upgraded set of SWIFT libraries with full ISO 15022 compliance for new message types, comprehensive 7775 to 15022 mapping, a multi-platform-conversion tool, plus five days of professional-services consulting and analysis.
Impact Technologies Group, a company specializing in software for the financial- services industry, released a new version of its Wealth Strategies software on June 3. The software was especially shaped to improve the planner-client relationship through an interface that is easily accessible to both the planners and the clients. By integrating Impact's Probability of SuccessSM service in this software, planners can create more detailed reports and graphs that will describe future assets predictions (based upon the Monte Carlo method) that fit the client's specific needs. Another added function to the software is the Additional Fact Finder, a tool that provides a set of questions for less experienced planners to answer when they are evaluating a client's financial needs.