STOCKHOLM, Sweden, Sept. 20, 2004 (PRIMEZONE) -- NeoNet, the independent agency broker for professional investors, and Thomson Financial, an operating unit of The Thomson Corporation (TSX Venture Exchange:TOC) (NYSE:TOC) and leading provider of information and technology solutions to the worldwide financial community, today announced a joint endeavour and can now offer clients global FIX trading connectivity through a single point of entry over the Thomson AutEx FIX network.
Thomson AutEx is market leader in the provision of FIX compliant solutions to the global trading community. The service handles over one million trading messages daily, enabling more than 300 global brokers to trade with more than 500 institutions.
By connecting NeoNet with Thomson Financial's AutEx FIX network, clients benefit from direct market access to NeoNet's 16 connected marketplaces through a single FIX connection. Clients can also choose to send orders to be worked on NeoNet's international trading desks. NeoNet offers execution through the company's exchange memberships on: Amsterdam, Brussels, Copenhagen, Frankfurt, Helsinki, London, Lisbon, Milan, Oslo, Paris, Stockholm and Virt-x. Trading is also offered on Amex, Nasdaq, NYSE and Madrid.
"We are pleased to offer clients neutral and efficient equity trading via NeoNet through the Thomson AutEx network," said Simon Nathanson, CEO of NeoNet. "By combining Thomson AutEx's established network with NeoNet's cross-border equity trading service, clients will be able to increase efficiency and lower transaction costs. It also further expands the distribution alternatives and makes it even easier for clients to start trading through us."
New Thomson AutEx tools enable tighter integration with clients systems enabling easier connectivity and faster trade processing and negotiation. The improved flexibility of the latest platform offers the Thomson AutEx community a market leading and intelligent environment in which FIX compliant messages are broadcast and received.
"Our customers need straight-through processing coupled with lower connectivity cost. This needs to be initiated from within their chosen Order Management Systems which our Thomson AutEx third generation platform delivers with world wide market acceptance", said Tony Booth, Director of Connectivity, Thomson Financial. "We are pleased that NeoNet has joined the Thomson AutEx network and their presence further improves the value and options for executing flow for our customers."
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 of US$7.44 billion, The Thomson Corporation lists its common shares on the New York and Toronto stock exchanges (NYSE: TOC; TSX: TOC).
For further information, please contact: Magnus Carlblick Alexander Brog Communications, NeoNet PR Director - Europe, Thomson Financial +46 8 454 15 46 +44 (0) 20 7324 6986 magnus.carlblick@neonet.biz alexander.brog@thomson.com
Since inception in 1996 NeoNet has focused on efficient and neutral agency brokerage. NeoNet provides professional investors with execution services offering a single point of access to leading equity marketplaces worldwide. Clients can execute orders using electronic direct market access or via NeoNet's international trading desks. NeoNet has offices in New York, London and Stockholm, is listed on the Stockholm Stock Exchange (ticker NEO), and has clients in more than 15 countries globally.
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