Thomson's Global Expansion in Equities Strengthened by Addition of New Local Broker Destinations in Emerging European, Asian and Latin American Markets
NEW YORK, June 20 /Xinhua-PRNewswire/ -- Thomson Financial, an operating unit of The Thomson Corporation (NYSE: TOC; TSX: TOC) and a leading provider of information and technology solutions to the worldwide financial community, today announced record one-day trading volume of 3.53 billion shares on its Thomson Order Routing network.
"These record volumes are evidence of our growing global network and our continuous expansion into new and emerging markets," said Albert Lojko, Head of Institutional Equities at Thomson Financial. "In less than three years we've seen a 50% increase in the volumes traded on our electronic order routing network."
As regional brokers in Asia, Europe, and Latin America follow established markets in the shift to electronic trading, they are increasingly turning to Thomson Order Routing to connect with more than 700 leading brokers and asset managers.
Recently, Thomson added GBM and Finamex, the first local brokers in Mexico to join a growing list of emerging market destinations on the Thomson Order Routing network, including Turkey, Poland, Greece, Russia, India, China, Taiwan, Korea, among dozens of others.
"Thomson's global reach, and reputation for reliability, speed and value, make it the obvious choice for us in driving local and international order flow to our desks," said Carlos Ramirez, head of electronic trading services at Mexico City-based Finamex Casa de Bolsa. "Thomson Order Routing connects me to hundreds of international buy-side firms looking to trade on the Latin America exchanges."
With broker destinations in more than 50 markets, in Asia, Europe, and Latin America, Thomson's equities network continues to expand its global footprint by leading the growth of electronic trading, not only in established markets, but new and emerging markets.
About Thomson Order Routing
The Thomson Order Routing, network is the largest global hub-and-spoke network, connecting traders across continents and time zones to any trading partner and venue. The order routing service is both market and broker-neutral, transferring industry-standard order and execution FIX messages, between institutional and broker trading partners. Thomson Order Routing is part of Thomson Financial's Institutional Equities segment, which helps equity traders optimize their performance by enabling the buy-side to identify trading opportunities, achieve best execution and minimize market impact. Additionally, Thomson Financial's Institutional Equities helps the sell-side maximize trade volumes and better serve their customers, with solutions that support the entire trading workflow, from pre-trade cost analysis, market awareness and liquidity discovery to order management and post trade analysis.
About Thomson Financial
Thomson Financial, with 2006 revenues of US$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. Thomson Financial is part of The Thomson Corporation ( http://www.thomson.com ), 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).
