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Asset Management

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* Allegiance Capital selects the Macgregor Financial Trading Platform to automate its fixed-income trading; * Bessemer Trust licenses the LongView Trading System for firm-wide use; * Rosenblatt Securities uses TransactTools platform technology to provide direct, electronic connectivity to the NYSE.

Macgregor, a global provider of buy-side trade-order-management systems and FIX-network services, announced that Allegiance Capital has selected the Macgregor Financial Trading Platform to automate its fixed-income trading. Allegiance Capital selected the fixed-income, portfolio-manager-workstation, and compliance components to support all aspects of its trading process. The system will be deployed to eight users.

Linedata Services announced that Bessemer Trust, headquartered in New York, has licensed the LongView Trading System for firm-wide use by its portfolio-management, trading and compliance groups, making it one of LongView's largest clients to date. LongView will be deployed to over 200 users in a multi-site implementation, allowing the portfolio managers located in Bessemer's 13 regional offices to send their orders electronically to their centralized trading desk in New York.

TransactTools, a provider of messaging connectivity, announced that Rosenblatt Securities is using its platform technology to provide direct, electronic connectivity to the NYSE. Rosenblatt will use ttCONNECT to provide direct, electronic connectivity to the NYSE for immediate execution. Future plans center on using ttCONNECT to route multiple types of orders to various destinations, both internally and to destinations like ECNs, and connecting via new protocols such as CMS. ttCONNECT also gives Rosenblatt the power to check NYSE compliance rules for each order.

FlexTrade Systems announced that Barclays Global Investors (BGI) has licensed FlexTRADER for use in the institutional asset manager's San Francisco, Toronto, London and Tokyo offices. An equity-trading and order-management system, FlexTRADER has a client base of institutional users on the buy side and sell side, including hedge funds, investment managers and broker/dealers.

FIX Protocol Limited (FPL) is implementing a restructuring plan to accommodate a growing and diverse group of participants. As a result of restructuring, FPL is now open to all firms interested in participation including buy side, sell side, exchanges, ECNs/ATSs, vendors, as well as other industry organizations. In addition, FPL has been expanding its product coverage through the creation of Global Product Committees including the Global Fixed Income and Global Derivatives Committees. Firms interested in joining FPL should contact the FPL Program Office via e-mail at [email protected] or by phone at 212-652-4469.

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