Financial Fusion, Inc announced that Smart Trade Technologies has chosen Financial Fusion Server to enhance "Smart-Trade," its OTC-trading platform. "Smart-Trade" manages financial-orders matching and is designed to adapt to the diversity of distribution patterns typical of the trading of OTC financial products. Smart Trade Technologies' key objectives were to incorporate a robust solution that could enhance integration abilities, support diverse financial protocols and separate transactions from their distribution rules. The extensibility of Financial Fusion Server allows "Smart Trade" to route and distribute a transaction within the financial institution or beyond its physical borders in real-time.
SunGard Investment Management Systems, an operating group of SunGard, announced that Rome-based Romagest, the asset-management subsidiary of Bancaroma Group, has successfully implemented SunGard's Decalog for straight-through processing. SunGard Investment Management Systems is an international provider of investment-management software solutions for the front-, middle- and back-office activities of global asset-management firms. Romagest has implemented Decalog for decision support, pre-trade compliance, performance measurement and attribution and trade-order management, with the objective of achieving a straight-through-processing environment.
Macgregor, a global provider of buy-side trade-order-management systems and FIX-network services, announced that Kevin Milne has joined the executive team as executive vice president, and will be responsible for spearheading the company's international growth. Milne will report into Steven Levy, president and CEO of Macgregor. Prior to Macgregor, Milne was executive-managing director of Omgeo and was responsible for all aspects of the business outside of the Americas. In his tenure there, Milne was the driving force behind both exponential client and revenue growth throughout the U.K., Europe, Asia and Australia. During this time he became an acknowledged thought leader in global straight-through processing.