18 June 2003

Thomson Financial Order Routing Network Accessible by FIXEdge

New York - (Dow Jones) - Thomson Corp.'s (TOC) Thomson Financial unit and Sun Microsystems Inc.(NASDAQ-NMS:SUNW) agreed to provide a low-cost package to help equity traders participate in Financial Information eXchange, or FIX, electronic trading and improve business efficiency by lowering trading costs.

Under the agreement, traders will be able to access Thomson Financial's AutEx order-routing network using the FIXEdge FIX engine brought to market by Sun Microsystems and closely-held B2BITS.

In a press release Tuesday, Thomson said the new connectivity product will "open up access to a broad community of trade participants, which is expected to be particularly attractive to the buy side for its simplicity to install and operate."

Thomson said the product will offer immediate trading, with the package already certified and tested with 150 brokers worldwide, as well as the ability to process a greater volume of transactions.

Thomson Financial provides information and technology systems to the financial community. It is a unit of Thomson Corp., Toronto, which provides information online and via CD-ROMs and computer software.

Sun Microsystems, Palo Alto, Calif., makes and sells hardware, software and services for establishing intranets and expanding the Internet.

Thomson Corp.'s New York Stock Exchange-listed shares closed Monday at $32.22, up 2.3%. Sun's shares closed down 1.6%, at $5.26, on Nasdaq.

Company Web sites: www.thomsonreuters.com, https://www.oracle.com

Previous news | Next