@Harborside Links Demonstrate New Paradigm as Leading Order Management and Network Vendors Connect.LOS ANGELES--(BUSINESS WIRE)--July 12, 1999-- LongView, MacGregor, Thomson Financial Thomson Financial A major provider of information, analytical tools, and consulting services to the financial community. The firm, a division of Thomson Corporation, is best known to investors for its First Call segment, which publishes consensus earnings , Charles River Charles River River, eastern Massachusetts, U.S. The longest river wholly in the state, it flows into Boston Bay after a course of about 80 mi (130 km). Navigable for about 7 mi (11 km), its estuary separates the cities of Boston and Cambridge. , decalog and Others Endorse Jefferies' Unique System as an Important Means of Finding Liquidity Jefferies & Company, Inc., the principal operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. of Jefferies Group, Inc. (NYSE NYSE See: New York Stock Exchange : JEF JEF Jefferies Group, Inc. (stock symbol) JEF Junge Europäische Föderalisten (German: Young European Federalists) JEF Joint Educational Facilities, Inc. ), announced today the cooperation of the industry's leading trade order management system vendors in the development of new methods to access @Harborside har·bor·side n. The area adjacent to a harbor. , a trading indication management tool for institutional investors. Direct connections have been provided to complement the original internet-based application, www.harborside.cc. The LongView Group, The MacGregor Group and Thomson Financial Software Solutions have all established and certified a Financial Information Exchange (FIX) connection to @Harborside. FIX is an industry standard protocol for the exchange of information. This link allows buy-side traders to interact with @Harborside directly from their native blotter A written record of arrests and other occurrences maintained by the police. The report kept by the police when a suspect is booked, which involves the written recording of facts about the person's arrest and the charges against him or her. BLOTTER, mer. law. transaction screens. "This type of integration demonstrates a powerful new model of buy-side control and access to liquidity," said Rick Holway, product manager of @Harborside. "The connected blotter is a breakthrough. It gives buy-side traders a way to efficiently manage financial information, reduce risk and reach liquidity sources directly from their home screens," he added. Jefferies recently launched @Harborside, a novel anonymous block indication system. While it has been in operation for only a month, the system has already led to a number of significant block trades, including 1,620,000 shares on its first day. Nearly 300 of the largest institutional investment firms have already signed up to use the system. Other vendors say they will link soon or are already in the process of linking. In addition, Advent Software's MOXY and EZECastle's order management systems have @Harborside connectivity in the development queue. Further, both Thomson's TradeRoute and Transaction Network Services' secure private networks are fully tested and linked to the system, a Jefferies' spokesman said. "LongView has always been on the forefront of important advances in electronic trading  This article or section is in need of attention from an expert on the subject.Please help recruit one or [ improve this article] yourself. See the talk page for details. . @Harborside presents an innovative approach to finding liquidity, and we look forward to bringing this option to LandMark users," stated Preston Ford, president of The LongView Group. The LongView Group is an industry leader in the global trade order management marketplace. LandMark, LongView's flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , provides a fully integrated front-office solution for buy-side institutions (for more information, visit the LongView website, www.longviewgroup.com). Steven D. Levy, president and chief executive officer of The MacGregor Group, commented, "With our OMS OMS - Opportunity Management System systems and our FIX network, MacGregor provides buy-side institutions with the best tools for electronic trading. We recognized the value of making @Harborside available to our more than 80 buy-side clients and already have several firms live and actively indicating." "While the proliferation of technology has put strains on the ability to integrate multiple systems, the FIX capability of @Harborside, coupled with MacGregor's Predator system, made the integration easy for Franklin," said Mary McDermott-Holland, Vice-President at Franklin Portfolio Associates. "We launched an initial indication from our trade blotter resulting in a 380,000-share natural trade. Our trial period with @Harborside has proven quite successful," she added. The MacGregor Group is the leading provider of order management systems and FIX network services to institutional investors. The MacGregor FIX Network (MFN MFN abbr. most-favored nation ) connects institutional money managers and brokers communicating FIX-based indications of interest, orders and executions "Our focus at Thomson Financial Software Solutions is knowing and meeting our clients' needs. By establishing access from Thomson OpenTrader to @Harborside early on, we're ensuring that our clients will always meet the fast paced movement of the market and maintain a competitive advantage," said Christy Roux Roux , Pierre Paul Émile 1853-1933. French bacteriologist. His work with the diphtheria bacillus led to the development of antitoxins to neutralize pathogenic toxins. , Business Development Manager for Thomson OpenTrader. Thomson OpenTrader is a leading trade workflow and execution system from Thomson Financial Software Solutions that completely automates trading for buy-side traders and portfolio managers worldwide. Thomson OpenTrader is the gateway that links traders with brokers, exchanges, electronic communication networks and other systems for true straight-through processing straight-through processing The direct exchange of cash and securities. Straight-through processing is a major objective for cross-border transactions that are generally much more costly to settle compared to domestic transactions. . "By connecting to @Harborside, we continue in our commitment to expand our access to sources of liquidity for our clients. This relationship complements our own open systems philosophy," remarked William Hebert, Director of Client Integration for AutEx(R). AutEx, a Thomson Financial company, is the worldwide leader in developing and maintaining innovative solutions for the automation of pre-trade processing and execution information to the global securities market (for more information, visit the AutEx website, www.tfautex.com). "FIX connectivity has long been important to our clients, allowing them to access liquidity with efficiency and ease." says Lisa Church, vice president of North American Operations North American operation Surgical oncology Radical surgery of a 'frozen pelvis', consisting of radical en bloc resection of the uterus and urinary bladder. See 'Frozen pelvis.'. Cf 'All-American' and 'South American' operations. for decalog. "Jefferies' @Harborside represents a powerful new source of liquidity that we want to make available to our clients." decalog is a leading provider of front- and middle-office software products for straight-through processing of investment management activities. Its suite of products, IDEE, is a group of multi-tiered client/server applications that offers global organizations a streamlined, distributed investment management process. "@Harborside is a great way for two parties to anonymously get together without moving the market," said Tom Driscoll, vice president of business development at Charles River Development (CRD CRD See Central Registration Depository (CRD). ). "CRD is excited to be able to offer its Charles River Trading System The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. customers such a liquidity source," he added. Charles River Development is a leading vendor of global order management and compliance monitoring systems. The Charles River Trading System, CRD's front-office system for investment managers, offers comprehensive portfolio management and trading functionality for all asset classes (for more information, visit the CRD website, www.crd.com). Jefferies & Company, Inc. is an institutional brokerage firm focused on trading in equity and taxable fixed income securities, convertible bonds, and international securities, and an investment bank providing capital raising, research, mergers and acquisitions, and restructuring services for middle market companies. Jefferies is also a leader in equity trading In finance, equity trading is the buying and selling of company stock shares. Shares in large publicly-traded companies are bought and sold through one of the major stock exchanges, such as the New York Stock Exchange, London Stock Exchange or Tokyo Stock Exchange, which serve as for institutional investors, as recognized by numerous consulting and survey organizations. Further information regarding Jefferies, including a description of @Harborside and Jefferies' other trading and investment banking services, can be found at Jefferies' website, www.jefco.com. |
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