Roger Barton Joins Thomson TradeWeb Europe
-- Barton to Focus on Sell-side Development --
LONDON (19 January 2005) - Thomson TradeWeb, a unit of The Thomson Corporation (NYSE:TOC; TSX: TOC) and the leader in online fixed-income trading, is pleased to announce that Roger Barton has been appointed as a Managing Director, Thomson TradeWeb Europe. Mr. Barton joins TradeWeb from Goldman Sachs International, where he was Executive Director and Head of European e-commerce for the Fixed Income and Equities divisions.
In this new role, Mr. Barton will primarily focus on TradeWeb's dealer clients. He will be based in the London office from 1 February and will report to Lee Olesky, President of Thomson TradeWeb.
"We are delighted Roger is joining the Thomson TradeWeb team during this time of significant product development and expansion across Europe for the group," said Olesky. "I have worked with Roger for many years and he brings an in depth understanding of e-commerce for the wholesale financial markets. In addition, his professionalism and good judgment will make him an invaluable asset as we continue to grow the business."
Barton commented: "Thomson TradeWeb is the 'gold standard' for online fixed-income trading globally, and I look forward to playing an integral part in helping shape the firm's overall efforts in the burgeoning European marketplace. I am confident TradeWeb's premier network will become an even more exciting prospect for clients and dealers."
During his 10 year tenure at Goldman Sachs, Mr. Barton chaired TradeWeb's European Executive Committee, prior to the company's acquisition by Thomson Financial last year. He also served as Co-Chief Operating Officer of Goldman Sachs' futures operations prior to his secondment to BrokerTec Global LLC, the electronic inter-dealer brokerage, where he was in charge of futures trading and clearing facilities.
Previously, Mr. Barton was instrumental in developing the London International Financial Futures and Options Exchange (LIFFE). During a 12-year term with LIFFE, Mr. Barton served as both Managing Director of Technical Services and MD of Business Development. He also served on the Boards of the SFA, The London Clearing House and LIFFE.
Mr. Barton graduated from St. John's College, Cambridge, with an MA in Mathematics (1975), and an MSc in Operational Research from Brunel University (1977).
Thomson TradeWeb announced record trading volume for 2004 of $26 trillion, with a single trading day breaching $300 billion for the first time.
About Thomson TradeWeb
TradeWeb is the leading online fixed-income trading network with over 6 million trades executed and total volume surpassing $65 trillion since its inception in 1998. TradeWeb's multi-dealer auction model links 32 of the world's leading fixed-income dealers with more than 1,800 buy-side institutions in North America and Europe.
The business is also the leading electronic "straight-through processing" network for the fixed-income markets, providing dealers and buy-side institutions with paperless trade allocations and confirmations on its fully integrated TradeXpress network. TradeWeb's STP network also includes AccountNet, the leading standard settlement instructions database.
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 UK FSA.
About Thomson Financial
Thomson Financial is a US$1.5 billion 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 leading provider of value-added information, software tools and applications to more than 20 million users in the fields of law, tax, accounting, financial services, higher education, reference information, corporate training and assessment, scientific research and healthcare. With revenues of US$7.44 billion, The Thomson Corporation lists its common shares on the New York and Toronto stock exchanges (NYSE: TOC; TSX: TOC.)