24 Jul 2007
Janney Montgomery Scott Goes Live With TradeWeb Retail
Rollout Continues TradeWeb’s Accelerated Growth in Retail Fixed Income
Jersey City, NJ
Thomson TradeWeb, the leading Fixed Income and Derivatives trading network,
and part of The Thomson Corporation (NYSE: TOC; TSX: TOC), today announced
that Philadelphia, Pennsylvania-based broker-dealer Janney Montgomery Scott
LLC (“Janney”) has completed the deployment of the TradeWeb Retail platform
to most of its 900 reps in 100 branch offices nationwide.
TradeWeb Retail is Thomson TradeWeb’s communications network for trading
retail-size fixed income securities, which provides financial consultants
and traders the ability to easily access aggregated bond inventory from 67
dealers. TradeWeb Retail’s proven technology and signature TradeWeb
customer service allow financial consultants to streamline their workflow
when buying fixed income products, leaving more time to grow client
relationships. TradeWeb Retail began executing live trades in December
2006.
“After a thorough analysis of the various retail fixed income platforms, we
felt TradeWeb Retail was the most viable partner for us,” said Alan
Schankel, Senior Vice President, Director of Fixed Income at Janney.
“TradeWeb Retail provides our Financial Consultants, through this
cutting-edge technology, access to a large variety of fixed income products
and tools. We are very pleased with the rollout and the level of customer
service and training we continue to receive from the TradeWeb Retail team.
And, our Financial Consultants and their clients are already benefiting
from this application.”
Pete Reinhart, Senior Vice President, Manager of Taxable Fixed Income at
Janney, added “It is crucial for us to arm our Financial Consultants with
access to extensive levels of fixed income inventory through an easy-to-use
application. Our rollout went very smoothly and we look forward to this
partnership with TradeWeb Retail.”
“As a longtime Thomson Financial and TradeWeb customer, Janney was a
perfect fit for us,” said Peter Adams, Director, TradeWeb Retail. “We were
delighted to work alongside the Janney team and implement their feedback
directly into our release schedule. The combination of TradeWeb’s expertise
and Thomson Financial’s wealth management footprint has been central to the
rapid growth of our fixed income business, and will continue to be a key
component to TradeWeb becoming the leading retail fixed income solution in
the next two years.”
As a Thomson Financial service, TradeWeb Retail provides Janney seamless
integration with Thomson ONE Wealth Management Workstations and the Thomson
Transaction Services (TTS) back-office system and trader workstation. The
deployed TradeWeb Retail solution exclusively enables context passing
between TradeWeb Retail and Thomson ONE, and two-way communication on front
and back office information between TradeWeb Retail and TTS.
About Thomson TradeWeb
TradeWeb is the leading Fixed Income and Derivatives trading
network with over 11 million trades executed and total volume surpassing
$175 trillion since its inception in 1998. TradeWeb’s multi-dealer auction
model links the trading desks of 35 of the world’s leading Fixed-Income
dealers with more than 2,200 buy-side institutions in North America,
Europe, and Asia. Over $200 billion in trading volume gets executed over
TradeWeb each day. TradeWeb Retail, a communications network for trading
retail-size fixed income securities, provides financial consultants and
traders the ability to easily access aggregated bond inventory from 67
dealers.
Thomson TradeWeb operates within the Thomson Financial group of businesses.
TradeWeb LLC is a member of the NASD. TradeWeb Europe Limited is regulated
by the U.K. Financial Services Authority.
About Janney Montgomery Scott LLC
Founded in 1832, Janney is an integral part of the nation’s financial
history, holding the second oldest continuously operated membership in the
New York Stock Exchange. The Firm ranks as a major, full service securities
broker/dealer, providing individual, corporate and institutional investors
with comprehensive financial services and investment banking expertise.
With headquarters in Philadelphia, PA, Janney operates through a network of
nearly 100 branches with 900 Financial Consultants. Janney is an
independently operated subsidiary of The Penn Mutual Life Insurance
Company. Janney Montgomery Scott LLC is a member of the New York Stock
Exchange, National Association of Securities Dealer and the Securities
Investor Protection Corporation. www.jmsonline.com
About Thomson Financial
Thomson Financial, with 2006 revenues of US$2 billion, is a
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 global leader in providing
essential electronic workflow solutions to business and professional
customers. With operational headquarters in Stamford, Conn., Thomson
provides value-added information, software tools and applications to
professionals in the fields of law, tax, accounting, financial services,
scientific research and healthcare. The Corporation’s common shares are
listed on the New York and Toronto stock exchanges (NYSE: TOC; TSX: TOC).
Contacts
Janna Silverglade
Tradeweb Retail
Tel: +1 201 536 3285
Email
Joe Christinat
Director, External Communications
Thomson Reuters
Tel: +1 646 223 6798
Mobile: +1 646 256 4353
Email