In the first stage of the implementation, MFTP will be installed on the International and Emerging Markets desks, replacing another third-party OMS. MFTP will be installed on the Domestic desk in the second stage of the implementation, and will replace a proprietary in-house system at that time.
Fran Tracy, President and Chief Financial Officer, Batterymarch, commented, "We were primarily attracted by MFTP’s real-time pre-trade compliance and electronic trading capabilities. After we complete this initial phase of the implementation, we plan to install MFTP on our Domestic desk so that our domestic, international and emerging markets trading will be managed by the same system."
Steve Levy, President and CEO, Macgregor, stated, "Batterymarch was looking for more thorough pre-trade compliance combined with robust electronic trading capabilities, so they found a good fit in MFTP. We are excited to become an integral part of Batterymarch’s STP solution."