28 Mar 2007
Thomson Financial Signs First Local Broker In Mexico To Thomson Order Routing
GBM Gains Access to Buy-Side Firms Around the World
New York/Mexico City,
Thomson Financial, a division of The Thomson Corporation (NYSE: TOC; TSX: TOC), today announced that GBM has joined Thomson Order Routing making it the first local broker in Mexico to participate.
Thomson Order Routing is the largest electronic trading community in the world, with over 1.5 billion shares traded per day amongst the world's leading brokerages, banking institutions, asset managers, and hedge funds.
Thomson Financial will host a special event for the local trading community in Mexico City at the Hotel JW Marriott Polanco today, March 28, 2007 at 4:00pm. Top executives from Thomson Financial will discuss the future of electronic trading in the equity market.
"To compete in today's marketplace, firms need the right tools and direct access to thousands of global trading partners," said Albert Lojko, Senior Vice President of Institutional Equities, Thomson Financial. "GBM is one of Mexico's leading local electronic traders handling significant volume and a natural fit for Thomson Order Routing. We are thrilled to reach this milestone of signing our first local broker in Mexico to Thomson Order Routing, as it brings unique pools of liquidity within Mexico to the buy-side. Thomson Financial is committed to the Mexican market and the further expansion of its global footprint with a focus on providing greater opportunities for our clients in all markets.
"Thomson Order Routing allows us to reach buy-side firms in the US and around the world," added Sebastian Rey, Head of Equity Sales Desk at GBM. "We will now have access to Thomson Financial's global network enabling us to fully participate in the international capital markets in a fast, secure and reliable environment. We hope to pave the way for other local firms as we expand our electronic trading capabilities and generate business in various regions of the world."
The Thomson Order Routing network is the largest global hub-and-spoke network, connecting traders across continents and time zones to any trading partner and venue. The order routing service is both market and broker-neutral, transferring industry-standard order and execution FIX messages, between institutional and broker trading partners.
About Grupo Bursátil Mexicano S.A. de
C.V
Grupo Bursátil Mexicano S.A. de C.V. (GBM) is a
leading company in the Mexican Financial market. Through subsidiaries in
Mexico and the US, the company has positioned themselves as one of the most
solid and reliable financial institutions among national and international
investors. With over 25 years of experience in the Mexican Stock Market,
the brokerage house has been among the top five most active brokers in the
equity market for the last 15 years.
GBM focuses on companies that have strong fundamentals and long-term investment potential. A clear distinction in the investment philosophy is to provide timely and valuable analysis on mid-cap companies that are under-covered by the majority of global firms. GBM also focuses on technological development in order to offer DMA and Portfolio Trading to their clients via a wide range of connections such as FIX protocol, web-based applications and trading networks. They have the most powerful FIX engine in the Mexican market which makes them leaders in message transmission to the BMV. To date, GBM sent up to 80% of the messages and has established a great number of point-to-point connections with their FIX customers around the world.
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
Sally Cates
Managing Director, Strategic
Communications
Thomson Financial
Tel: +1 646 822 2076
Email
Jessica Simon
Public Relations Associate
Thomson Reuters
Tel: +1 646 822 6297
Email