IFR Markets Now Distributed over TradeWeb – The Leading Online Markets for Fixed-Income

IFR Markets Analysis across Key Market Sectors will lead to Better Trading Decisions 

JERSEY CITY, N.J./ LONDON, February 8, 2005 - Thomson TradeWeb and Thomson IFR Markets, organizations within The Thomson Corporation (NYSE: TOC; TSX: TOC), a leading global provider of integrated information solutions to professionals, today announced that IFR Markets, one of the world's most respected sources of online commentary and analysis on market flow, deal terms and accurate forecasting, will appear on TradeWeb's online trading platform as an additional service. With IFR Markets on TradeWeb, traders can now seamlessly access indispensable trading flow commentary and analysis as they analyze and trade securities

IFR Markets offers traders and market participants the most informed and up-to-date market insight across a wide range of asset classes including Government Securities, High Grade Corporates, High Yield, Emerging Markets, Interest Rate and Credit Derivatives, Foreign Exchange, and Commodities. The firm's 90 expert analysts are in constant touch with sell-side traders, syndicate managers, and analysts to stay abreast of market movements and events. IFR Markets' analysts go one step further than just reporting by providing in-depth analysis that focuses on what's next - a perspective that market participants have grown to rely on for over 20 years.

Jim Toffey, Chief Executive Officer of Thomson TradeWeb said, "The launch of IFR Markets provides TradeWeb users with a great opportunity to quickly get a high quality read on the market as they make their investment and trading decisions."

Sean O'Rourke, a U.S. Treasury trader at Credit Suisse First Boston, added, "The updates on flows and the color on what's transpiring in other markets are important tools that we (the desk) rely on through-out the day. We look forward to accessing this truly valuable research on TradeWeb."

Over TradeWeb, IFR Markets will be providing buy-side and sell-side users a unique combination of content, including:

• The "Squawk Box" - onscreen scrolling market commentary and analysis
• The "Syndicate Desk" - pipeline, intraday deal details and commentary, providing analysis and a complete view of a given deal
• The "Morning Meeting" - a concise recap of overnight events and a preview of what to expect during the day
• "Technically Speaking" - a daily feature from IFR Markets' 12 technical analysts which presents strategic outlooks in each of the different market sectors
• "Market Call" - insight into specific asset classes, giving a thorough and inclusive look at outside factors affecting the markets as well as forecasts from IFR markets analysts.

About Thomson IFR Markets

IFR Markets is a leading source of online commentary and analysis on market flow, deal terms, and accurate forecasting. Founded in 1982, IFR Markets was the first electronic service for technical analysis, and it's been a leader ever since. The unique combination of real-time information and analysis makes IFR Markets the source for global market insight.

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 the trading desks of 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 is a member of the NASD and regulated by the U.K. 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 from continuing operations, The Thomson Corporation lists its common shares on the New York and Toronto stock exchanges (NYSE: TOC; TSX: TOC.)