TSX Datalinx distributing CanDeal data through Thomson Financial
Agreement sees information to go on Thomson ONE terminals further access and visibility for debt market transparency in Canada
FEBRUARY 11, 2004 (TORONTO) – TSX Datalinx has signed an agreement with Thomson Financial to distribute CanDeal’s real-time market data to traders and investors across Canada and around the Globe. Under the terms of the agreement, Thomson will provide CanDeal pricing to Thomson ONE Yield users globally, and will make the data available to all retail users of Thomson ONE in Canada. Thomson Financial, a leading provider of information technology solutions to the global financial community, is an operating unit of the Thomson Corporation (TSX: TOC, NYSE: TOC). Thomson ONE is a flexible, open application framework that dynamically integrates data and applications from Thomson, proprietary and third party sources to a single user interface.
The CanDeal data contains the best real-time market data taken from Canada’s six major domestic investment dealers. CanDeal’s real-time market data is the most timely, complete and accurate view of where these dealers are valuing all domestic Government of Canada bonds and Treasury Bills and a wide range of Provincial and Corporate issues. TSX Datalinx uses its LinxPointOne data distribution product to deliver and manage the CanDeal Market Data offering to Thomson and a number of other leading data vendors.
Jim Fiesel, executive vice president, Thomson Financial, said, “Through this arrangement and the addition of CanDeal data through TSX Datalinx, Thomson ONE Yield has further strengthened its market data, with a first-rate source of Canadian fixed income pricing. It is exciting to be in a position to truly expand our presence in Canada and the rest of the world as we continue to grow the Thomson ONE offering. This is a major step forward for our Canadian fixed-income strategy.”
“We are pleased that Thomson has signed this distribution agreement. This arrangement will provide Thomson with a superior Canadian fixed income data product,” said Jayson Horner, President and CEO of CanDeal. “CanDeal’s prices and trading platform are utilized by institutional market professionals all across Canada and now CanDeal Market Data will broaden its reach to significantly enhance market transparency.”
“This Thomson deal is very important for us,” said Eric Sinclair, Senior Vice-President of TSX Datalinx. “It further expands the distribution of CanDeal data on LinxPointOne – and acknowledges that LinxPointOne provides our clients with a comprehensive distribution network to reach critical end users of market data right around the world.”
To obtain information on CanDeal data access, please contact John Andrew at 416-947-4289, by e-mail john.andrew@tsxdatalinx.com or Michelle Tran at 416-947-4583, by email michelle.tran@tsxdatalinx.com.
About CanDeal
CanDeal is Canada's leading institutional customer to multi-dealer online fixed income trading network. CanDeal's robust and reliable platform provides its participants with continuous access to the deepest pool of liquidity for fixed income products. Today, the network delivers the market making power of the six largest domestic investment dealers to Canada's largest institutional customers. The CanDeal electronic marketplace is open and available to all institutional buy-side accounts and dealers across Canada.
CanDeal's fair and open proprietary auction model permits authorized institutional market participants to receive live dealing quotes simultaneously from multiple dealers and to execute a trade at the best price in a fraction of a second. As a leader in "Straight-Through-Processing" (STP) solutions, CanDeal provides its participants with electronic trade reporting, on-line detailed audit trails, an integrated trade allocation facility and trade data export capability. CanDeal also provides a real time market data price feed for the fixed income securities traded on its platform.
CanDeal was formed in June, 2001 to create a neutral marketplace providing end-to-end efficient transaction solutions. CanDeal is the first system to be recognized across Canada by all securities regulators as an Alternative Trading System (ATS) and an investment dealer. In addition, CanDeal is a member of the Investment Dealers Association of Canada and the Canadian Investor Protection Fund.
About TSX Datalinx
TSX Datalinx is the name for TSX Group Inc.’s (TSX: X) data operation. TSX Datalinx provides a broad range of data products and services, offering both real-time and historical data to customers across Canada and around the globe.
About Thomson Financial
Thomson Financial is a US$1.6 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 valueadded 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$7.5 billion, The Thomson Corporation lists its common shares on the New York and Toronto stock exchanges (NYSE: TOC; TSX: TOC).