Thomson adds seven to retail service provider gateway in the UK

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 a further seven market makers have signed up to provide trading and price quotation services via the Thomson Retail Service Provider (RSP) Gateway in the UK.

Arbuthnot Securities, Cazenove, Collins Stewart, Hoodless Brennan, HSBC, Jefferies International and Teather & Greenwood will all provide liquidity, price improvement and immediate execution alongside the existing 10 network participants (Aitken Campbell, Bondscape, Dresdner Kleinwort Wasserstein, Evolution Securities, KBC Peel Hunt, Panmure Gordon, Merrill Lynch, Numis Securities, UBS and Winterflood Securities).

RSPs provide competitive price quotation and trading services across a range of markets and instruments to UK private client brokers. Through Thomson Financial’s single link to a range of leading firms, brokers can acquire market improved prices, execute immediately, use flexible settlement periods and also settle in a range of currencies. Brokers connecting to the Thomson RSP Gateway also benefit from cost savings through infrastructure and efficiency gains.

Brokers can access the Thomson RSP Gateway through their own in-house software, either through an Application Program Interface (API) or FIX connection. Alternatively, they can connect through the Thomson GlobalTOPIC desktop application. Access to the gateway will also be available through the Thomson ONE application suite in 2005.

Paul Bendall, European Director for Thomson Financial's Retail Wealth Management customer segment, commented: "The Thomson RSP Gateway continues to extend the number of destinations offered, providing our community of private client brokerage firms with a wide choice of execution venues for a broad range of assets. This obviously helps them to meet the increasing regulatory requirements to obtain best order execution for their clients, without any significant effort or increase in cost."

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