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
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