Thomson Financial and TSX form market data alliance
06 June 2006 | 1421 views | 0
Source: Toronto Stock Exchange
Thomson Financial, part of The Thomson Corporation (TSX: TOC, NYSE: TOC), and the Toronto Stock Exchange (TSX:X), part of TSX Group Inc., have announced a strategic alliance to deliver market data, analytics and competitive information to investor relations professionals in Canada through the launch of TSXconnect.
Also as part of this alliance, Thomson Financial becomes a content provider and sponsor of market data to the TSX Broadcast Centre, which is also a satellite location to Canada's leading financial news outlets.
"We are thrilled to be expanding our relationship with the TSX. Our alliance brings together two of Canada's leading financial brands who will provide world-class content and analytics to TSX and TSX Venture Exchange listed companies," said Sharon Rowlands, chief executive officer of Thomson Financial. "This alliance further positions the TSX as a leader in the global equities market and strengthens Thomson Financial’s reputation as one of the leading providers of comprehensive market data and analytics to the global financial markets."
TSXconnect is a customized version of Thomson ONE, an innovative web-based solution that provides a single, integrated platform for financial data. TSX becomes the exclusive provider of this product in Canada and will be provided to TSX issuers at no additional charge. Issuers can also purchase additional products and services from Thomson. TSXconnect will offer investor relations professionals in Canada access to marketmoving information critical to their workflow. The platform enables IROs to monitor the performance and trading activity of their stock and that of their peers and identify current shareholders. In addition, they can monitor earnings and research domestic and international trading instruments. TSXconnect has been launched and will continue to be rolled out over the course of the next several months, and is available to all TSX listed companies. TSX Venture Exchange issuers can subscribe to the service.
Thomson Financial will now have greater presence at the centre of Canada's business community as a content provider and a sponsor of market data to the TSX Broadcast Centre. All market data workstations within the TSX organization will utilize Thomson ONE for streaming quotes and index information, together with other key investment content including institutional ownership data, charting capabilities, trades and quotes, broker summaries, total return information, price history, short interest reports, corporate actions and analyst mean earnings estimates.
"We have enjoyed strong success with our Thomson ONE platform globally and are excited to be working with the TSX to introduce services that will provide core market data and analytics to Canadian financial professionals through TSXconnect and the TSX Broadcast Centre," said David Toyne, president of Thomson Financial, Canada.
"As the national market for Canadian securities, TSX is well positioned to strengthen and compete on a more global scale. This alliance with Thomson Financial will help Canadian market professionals continue to succeed in the ever-changing financial marketplace," said Richard Nesbitt, CEO of the TSX Group. "The TSXconnect product is an example of bringing together two leading forces in the Canadian financial services industry to provide content and competitive information to financial professionals in Canada."