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BNP Paribas Now Providing Liquidity on Tradeweb Corporates

| Tradeweb Institutional

--14th Dealer to Join TradeWeb's Online Corporate Marketplace-- 

 

JERSEY CITY, N.J., June 30, 2005 - Thomson TradeWeb, part of The Thomson Corporation (NYSE: TOC; TSX: TOC), a leading global provider of integrated information solutions to professional customers, announced today that BNP Paribas (BNP) has joined TradeWeb's growing online corporate bond marketplace as a liquidity provider. BNP is a leading global bank and is among the most active dealers in secondary corporate bond trading. Corporate Bonds is the fourth TradeWeb online market for which BNP provides online liquidity for institutional investors. BNP also participates in TradeWeb's online markets for Treasuries, Agencies, and European Government Bonds.

 

TradeWeb continues to rapidly build its online corporate bond marketplace by adding significant dealer liquidity. In addition to BNP, over the last six months Wachovia Securities, Piper Jaffray and Jefferies have all started providing liquidity for their corporate bond customers via TradeWeb. The other ten members of TradeWeb's corporate bond dealer group include Citigroup, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan, Lehman Brothers, Merrill Lynch, Morgan Stanley, UBS Investment Bank, and FTN Financial. Shortly, there will be two additional dealers going live on TradeWeb bringing its corporate bond dealer group to 16 liquidity providers.

 

"BNP is an established global leader in the corporate bond market that has rapidly expanded its U.S. presence through online trading. By coming onto TradeWeb Corporates, BNP will be providing additional liquidity into a fast growing marketplace where buy-side firms regularly achieve better than 70% hit rates for their corporate bond trade inquiries," said Billy Hult, Managing Director at Thomson TradeWeb.

 

TradeWeb Corporates is a full-service electronic trading platform that provides extensive corporate bond market data, commingled dealer inventories, efficient execution for simple and complex trades, and robust straight-through processing. Customers that use TradeWeb have the unique ability to electronically upload up to 30 multiple buy and sell trades that are pre-allocated onto a single list for efficient execution and processing by multiple dealers. TradeWeb customers also benefit from a new Most Actives monitor that filters and summarizes live TRACE information by individual credit sectors and maturity. Currently, TradeWeb's 14-member corporate dealer group provides liquidity to traders at more than 200 buy-side firms.

 

About Thomson TradeWeb

 

TradeWeb is the leading online fixed-income trading network with over 7.5 million trades executed and total volume surpassing $82 trillion since its inception in 1998. TradeWeb's multi-dealer auction model links 160 trading desks of 35 of the world's leading fixed-income dealers with more than 2,000 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 and first counterparty management tool for dealer-to-customer interest rate derivatives market.

 

Thomson TradeWeb operates within the Thomson Financial group of businesses. TradeWeb LLC is a member of the NASD.

 

About Thomson Financial

 

Thomson Financial is a US$1.73 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 global leader in providing integrated information solutions to more than 20 million business and professional customers in the fields of law, tax, accounting, financial services, higher education, reference information, corporate e-learning and assessment, scientific research and healthcare. With revenues of US$8.10 billion, The Thomson Corporation lists its common shares on the New York and Toronto stock exchanges (NYSE: TOC; TSX: TOC).