MACD and OARIS have announced that they will merge. Well established in Switzerland, the providers of Order Management (OMS) and Execution Management (EMS) systems for securities, derivatives and FX will pool their resources. The products and services of both providers ideally complement one another. In the past, there have been joint customer projects.
Each company brings more than 20 years of experience in the delivery of software solutions. With this merger, a company will be created with 35 employees and more than 30 customers in Switzerland and abroad.
MACD and OARIS will together be the leading provider of OMS and EMS systems in Switzerland and have a market presence in England, Germany, Luxembourg, Liechtenstein and Austria. Through the use of synergies, the combined company can offer existing and new customers efficient and innovative solutions for the increasingly international and regulated markets.
George Macdonald, CEO:"This is a major benefit for MACD and the Swiss marketplace. Together we have the ideal size and purpose to simplify banking processes and increase efficiency. OARIS has an excellent reputation in the market and I am very much looking forward to working with this experienced team.“
Kurt Meister, COO:"We will continue to support and develop all existing products. There are many changes in the markets, in particular in the area of regulation and digitalisation. We are ideally positioned to develop new and innovative products for our customers, which will enable a high degree of flexibility and ensure efficiency in operations and maintenance. I am looking forward to working with the increased team.
As one of the first application service providers in the financial sector, MACD has been successfully implementing IT projects for financial institutions for more than 20 years. The company specialises in electronic securities trading, has locations in England, Germany and Switzerland and employs 35 IT engineers, computer scientists and economists.
More than 35 banks and stock exchanges throughout Europe use the comprehensive range of services in the area of software development, hosting, IT consulting and support. MACD has been a member of the FIX Trading Community since 2004. George Macdonald, CEO MACD, has been active as a Director of FIX Trading Community since May 2017.