Thomson launches performance measurement tool; connects AutEx to Peresys network

Source: Thomson Financial

Thomson Financial, an operating unit of The Thomson Corporation (NYSE: TOC, TSX: TOC) and leading provider of information and technology solutions to the worldwide financial community, today announced that Thomson PORTIA, the industry's leading portfolio management system, is launching a powerful new performance measurement tool, PORTIA Perform.

PORTIA Perform transforms investment data into compelling performance analysis for presentation and review by staff and clients, and prospects around the globe. Currently available, the new system is designed to meet contemporary requirements for performance measurement, risk calculation and reporting.

PORTIA Perform's deep functionality provides precise, daily securities level, segment level, and multicurrency performance measurement, along with flexible composite and dynamic segmentation capabilities. It is highly scalable and supports high and low volumes of accounts and performance measurement frequencies. Based on advanced technology and an open architecture, PORTIA Perform is fully integrated with the Thomson PORTIA suite of products, and will be available as a stand alone, supporting a wide range of integration needs. PORTIA Perform's enhanced functionality serves to establish it as the next generation platform for performance measurement.

Thomson has concluded a successful round of testing with a group of Thomson PORTIA clients, according to Christen Bremner, senior vice president, Global Transactions Services, Thomson Financial. "There's no doubt from our testing that PORTIA Perform will make it possible for asset managers to demonstrate investment results with greater transparency and build an environment of credibility and trust with the client," said Bremner.

"The launch of PORTIA Perform reinforces Thomson PORTIA's reputation as the industry's most trusted, reliable and powerful middle to back-office tool for investment management firms," said Ken Wagner, chief operating officer, Global Transaction Services, Thomson Financial. "The system's advanced analysis and reporting capabilities help to address new industry requirements while its power and flexibility enables one to make fully informed investment decisions," said Wagner.

PORTIA Perform achieves faster measurement of data by compiling performance history daily, which is the basis for all performance and risk calculations. It provides performance and measurement reporting in an unlimited number of currencies, and makes it possible to analyze entire industries quickly and efficiently by classifying performance into segments or segment groups. The system affords an unlimited number of composites, comprised of unlimited numbers of portfolios, and allows for unlimited amount of index data to be imported and used as benchmarks on performance reports. Advanced reporting capabilities include a suite of customizable report templates for the delivery of clear and concise performance reports either by browser or server.

Separately, Thomson Financial, an operating unit of The Thomson Corporation (TSX: TOC, NYSE: TOC) and leading provider of information and technology solutions to the worldwide financial community, today announced an agreement with Peresys, South African based technology solutions provider to the financial markets, that will unite the Thomson AutEx electronic trading community with a comprehensive community of South African counterparts, including the top twenty-five broker dealers and tier one asset managers.

Under terms of the agreement, the Peresys Network will be connected to the Thomson AutEx Network to create a seamless concentrated network for trading with global partners. Through a single connection, clients using Thomson AutEx will have access to an extensive global trading community, which now includes South Africa, while clients of Peresys will have access to the entire AutEx global community.

The Peresys Network includes a hosted FIX hub and spoke solution in Johannesburg as well as points of presence in London and New York to enable bi-directional order routing and direct market access for the South African trading community. The solution caters for all widely used versions of the FIX protocol, spanning equities, fixed income, and derivatives instruments.

Ashley Mendelowitz, Managing Director, Peresys commented: "This connection is a vital part of our efforts to make the Peresys Network the premier trading gateway into and out of South Africa. We want our clients to benefit fully from the functionality available within our trading and messaging solutions. Connecting to the Thomson AutEx community provides our brokers and asset managers with the ability to communicate and trade with global partners, direct from their desktops."

The Thomson AutEx suite of products facilitates the high-speed transfer of multiple message types through one concentrated global network, streamlining connectivity between trading partners. Once connected to the global host, institutions and brokers have access to any connected counterpart.

"We are delighted to connect Peresys and its clients to the Thomson AutEx network," said Tony Booth, Connectivity Director, Thomson Financial. "This initiative extends our reach so that clients can include trading partnerships in South Africa. In doing so, it further improves opportunities for electronic trading, and the marketing and sourcing of liquidity over the AutEx network. Our third generation market leading FIX compliant hub and spoke technology, enables us to develop key partner relationships and introduce new benefits for our clients" said Booth.

Thomson AutEx is the industry's leading online real-time network and database for block order indications and trade advertisements. The AutEx community consists of traders at international institutions, broker dealers, exchanges, ECNs and ATSs, either connecting directly to AutEx, or through service bureaus or order management systems. Over 800 of the world's leading brokers and institutions rely on AutEx to access global pools of liquidity, and every day, more than 400,000 messages are transmitted between buyers and sellers.

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