Boston-based trading technology vendor Macgregor is launching an enterprise compliance control and reporting system at this year's Securities Industry Association (SIA) technology management conference and exhibition in New York.
Macgregor says its XIP Enterprise Compliance product supports all asset types and investment products as well as the requirements of mutual funds, hedge funds, institutional accounts and high net worth retail accounts.
The system also supports time-of-trade testing of all regulations, firm policies and customer guidelines throughout all phases of the investment process.
Macgregor says the application reduces implementation costs and time-frames with natural language rule building that requires virtually no training, an advanced database design and modern integration technologies including XML, MSMQ and ETL tools.
Michael Woodward, VP, strategic development, comments: "We have built a portfolio compliance solution that will scale to the needs of the largest global asset managers yet still be easy for firms of all sizes to implement."
The product will be available on a stand-alone basis and later this summer as an integrated component of its XIP Order Management Network (OMN).