29 Oct 2007
Thomson IFR And BQuotes Team Up on CDS News & Data
IFR Commentary and Analysis Added to BQuotes
New York, NY
Thomson Financial, an operating unit of The Thomson Corporation (TSX: TOC,
NYSE: TOC) and a leading provider of information, news and technology
solutions to the worldwide financial community, today announced a strategic
alliance with BQuotes, a top aggregator of Credit Default Swaps (CDS)
pricing data serving traders, risk managers and portfolio managers. Through
the partnership, Thomson IFR Markets will deliver its real-time CDS
commentary and analysis through the BQuotes CDS platform, beginning this
month.
“Our partnership with BQuotes is a natural extension of Thomson IFR’s
strategy to deliver the best real-time analysis to the sell and buy-side in
the rapidly growing derivatives arena,” said Edward Rombach, senior
analyst, IFR Markets. “By adding IFR’s insightful CDS commentary and
analysis to the BQuotes CDS screen, the picture will become even
clearer.”
“We’re delighted to welcome Thomson IFR Markets as a partner in our effort
to enhance transparency of the over-the-counter markets,” said Yiannis
Tsiounis, Ph.D., president and CEO of BQuotes, a leading provider of price
discovery software. “We saw a strategic opportunity to partner with Thomson
and combine IFR commentary and analysis to the BQuotes real-time
price-discovery and market data platforms, to assist money managers in
trading decisions as well as in evaluating their portfolios in light of
upcoming FASB regulations,” said Tsiounis.
About BQuotes
BQuotes provides closing, market-to-market data for the Over The Counter
markets in a variety of OTC asset classes, including CDSs, corporate Bonds,
convertible bonds, Loan CDSs, Tranches, Variance Swaps, Options and ABSs.
BQuotes extracts the data from unstructured emails of any format, with its
real-time-discovery software “BestQuotes™”. Founded in 2004, headquartered
in New York and with offices in London and Brisbane, BQuotes is serving
thousands of market participants across leading Investment Banks, Money
Management and Hedge Fund firms worldwide, such as Highbridge, Angelo
Gordon and Royal Bank of Scotland.
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
Janice Addams
Senior Manager, Public Relations
Thomson Reuters
Tel: +1 646 223 6940
Email