Nine Global Dealers and Thomson Financial Complete the Formation of Premier Electronic Trading Venture Using TradeWeb
03 Janeiro 2008 - 5:00PM
PR Newswire (US)
STAMFORD, Conn., Jan. 3 /PRNewswire-FirstCall/ -- Thomson
Financial, an operating unit of The Thomson Corporation (TSX: TOC,
NYSE: TOC), and TradeWeb, announced today that they have completed
a strategic partnership with nine of the world's leading global
dealers, announced on October 11, 2007. This partnership will help
drive the expansion of electronic trading, utilizing TradeWeb's
leading multi-dealer-to-client marketplace for fixed income and
derivatives to create a global multi-asset class execution venue
for clients. Under the terms of the agreement, the dealers invested
approximately $180 million to purchase a 15% stake in TradeWeb's
established markets. Thomson Financial has contributed its equity
trading-related assets, including AutEx and the Thomson Order
Routing network to TradeWeb. In addition, Thomson and the dealers
agreed to fund additional investment in order to expand the
TradeWeb platform to new asset classes, including equities and
derivatives, such as interest rate and credit default swaps. The
dealers that have partnered with TradeWeb are: Credit Suisse,
Deutsche Bank, Goldman Sachs, JPMorgan, Lehman Brothers, Merrill
Lynch, Morgan Stanley, The Royal Bank of Scotland, and UBS. All
nine firms will participate in a range of TradeWeb markets,
including interest rate swaps, providing a significant opportunity
for institutional investors to benefit from the efficiencies of
electronic trading. About The Thomson Corporation The Thomson
Corporation (http://www.thomson.com/) is a global leader in
providing essential electronic workflow solutions to business and
professional customers. With operational headquarters in Stamford,
Conn., Thomson provides value-added information, software tools and
applications to professionals in the fields of law, tax,
accounting, financial services, scientific research and healthcare.
The Corporation's common shares are listed on the New York and
Toronto stock exchanges (NYSE: TOC; TSX: TOC). Thomson Financial,
with 2006 revenues of U.S. $2 billion, is a provider of information
and technology solutions to the worldwide financial community.
Through the widest range of products and services in the industry,
Thomson Financial helps clients in more than 70 countries make
better decisions, be more productive and achieve superior results.
About TradeWeb TradeWeb is a leading over-the-counter, multi-asset
class marketplace, and a pioneer in the development of electronic
trading and trade processing. The company provides services in the
fixed income, derivatives and equity markets to clients in more
than 50 countries. Since 1998, TradeWeb has operated a global
trading network, which harnesses the distribution of the major
investment banks with over 2,200 institutional clients. With its
expansion into the equity markets, TradeWeb is leveraging AutEx,
the industry leader for 40 years in providing indications of
interests, and Thomson Order Routing, a global FIX network with
more than 6,000 connections to over 750 firms. This news release
includes forward-looking statements which are based on certain
assumptions and reflect The Thomson Corporation's current
expectations. Forward-looking statements include, without
limitation, the Corporation's beliefs that the venture will help
drive the expansion of electronic trading on TradeWeb. All
forward-looking statements in this news release are subject to a
number of risks and uncertainties that could cause actual results
or events to differ materially from current expectations. Some of
the factors that could cause actual results to differ materially
from current expectations include risks related to changes in the
general economy and actions of TradeWeb's competitors. Additional
factors are discussed in the Corporation's materials filed with the
securities regulatory authorities in Canada and the United States
from time to time, including the Corporation's latest annual
information form, which is contained in its most recently filed
annual report on Form 40-F. The Corporation disclaims any intention
or obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
other than as required by law. DATASOURCE: Thomson Financial
CONTACT: Media, Simon Hylson-Smith of TradeWeb (U.S.),
+1-201-915-3142, , Cara Kiewel of TradeWeb (Europe-Asia), +44 0
20-7776-0943, ; or Sally Cates of Thomson Financial,
+1-646-822-2076, ; or Fred Hawrysh of The Thomson Corporation,
+1-203-539-8314, ; or Investors, Frank J. Golden, Investor
Relations of The Thomson Corporation, +1-203-539-8470, Web site:
http://www.thomsonfinancial.com/ http://www.thomson.com/
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