Connected Trading Communities
PRODUCTS & SERVICES
Thomson Financial signs agreement with Peresys
LONDON, 8 November, 2004 -- 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.
About Peresys
Peresys (www.peresys.co.za) is a South African based technology solutions provider to the financial markets. It is a leader in the development and delivery of solutions for Exchanges, Fund Managers, Exchange Members, Hedge Funds and Pension Funds, with specific focus on Trading in Equities, Bonds and Derivatives, Order Routing, Securities Lending, Direct Market Access, Integration, Research Dissemination, and Portfolio Management. Peresys has been instrumental in pioneering the use of the FIX protocol in South Africa, as well as lead the way globally in making use of the RiXML standard for disseminating broker research. Contact: Ashley Mendelowitz, Managing Director, +27 11 722 7475 or Ashley@peresys.co.za.
About Thomson Financial
Thomson Financial is a US$1.5 billion 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 (www.thomson.com), a leading provider of value-added information, software tools and applications to more than 20 million users in the fields of law, tax, accounting, financial services, higher education, reference information, corporate training and assessment, scientific research and healthcare. With revenues from continuing operations of US$7.6 billion, The Thomson Corporation lists its common shares on the New York and Toronto stock exchanges (NYSE: TOC; TSX: TOC).
