Janney Montgomery Scott deploys Thomson's TradeWeb Retail platform
23 July 2007 | 1750 views | 0
Thomson TradeWeb, the leading Fixed Income and Derivatives trading network, and part of The Thomson Corporation (NYSE: TOC; TSX: TOC), today announced that Philadelphia, Pennsylvania-based broker-dealer Janney Montgomery Scott LLC ("Janney") has completed the deployment of the TradeWeb Retail platform to most of its 900 reps in 100 branch offices nationwide.
TradeWeb Retail is Thomson TradeWeb's communications network for trading retail-size fixed income securities, which provides financial consultants and traders the ability to easily access aggregated bond inventory from 67 dealers. TradeWeb Retail's proven technology and signature TradeWeb customer service allow financial consultants to streamline their workflow when buying fixed income products, leaving more time to grow client relationships. TradeWeb Retail began executing live trades in December 2006.
"After a thorough analysis of the various retail fixed income platforms, we felt TradeWeb Retail was the most viable partner for us," said Alan Schankel, Senior Vice President, Director of Fixed Income at Janney. "TradeWeb Retail provides our Financial Consultants, through this cutting-edge technology, access to a large variety of fixed income products and tools. We are very pleased with the rollout and the level of customer service and training we continue to receive from the TradeWeb Retail team. And, our Financial Consultants and their clients are already benefiting from this application."
Pete Reinhart, Senior Vice President, Manager of Taxable Fixed Income at Janney, added "It is crucial for us to arm our Financial Consultants with access to extensive levels of fixed income inventory through an easy-to-use application. Our rollout went very smoothly and we look forward to this partnership with TradeWeb Retail."
"As a longtime Thomson Financial and TradeWeb customer, Janney was a perfect fit for us," said Peter Adams, Director, TradeWeb Retail. "We were delighted to work alongside the Janney team and implement their feedback directly into our release schedule. The combination of TradeWeb's expertise and Thomson Financial's wealth management footprint has been central to the rapid growth of our fixed income business, and will continue to be a key component to TradeWeb becoming the leading retail fixed income solution in the next two years."
As a Thomson Financial service, TradeWeb Retail provides Janney seamless integration with Thomson ONE Wealth Management Workstations and the Thomson Transaction Services (TTS) back-office system and trader workstation. The deployed TradeWeb Retail solution exclusively enables context passing between TradeWeb Retail and Thomson ONE, and two-way communication on front and back office information between TradeWeb Retail and TTS.