RBC Capital Markets Joins TradeWeb's European Government Bonds Network
-- Newest Dealer Participant Becomes 15th Liquidity Provider for UK Gilts --
LONDON, 18 October 2005 - Thomson TradeWeb, part of The Thomson Corporation (NYSE: TOC, TSX: TOC), a leading global provider of integrated information solutions to professional customers, today announced that RBC Capital Markets has become the newest dealer participant on TradeWeb's leading online network. The company will provide liquidity for the UK Gilts market within TradeWeb's European Government Bond marketplace.
RBC Capital Markets, the corporate and investment banking arm of RBC Financial Group (RY: TSX and NYSE), is the 36th leading primary dealer on TradeWeb's global electronic marketplace for fixed income securities, and the 15th liquidity provider for UK Gilts. TradeWeb's European Government Bonds platform, where investors trade the most liquid issues from all the Euro-zone countries, UK, Denmark and Sweden, reached volumes of over €1.3 trillion in the first 3 quarters of 2005.
Lee Olesky, President of Thomson TradeWeb, commented: "RBC's participation on TradeWeb underscores our continued commitment to providing the deepest liquidity for our fixed income customers. We now have all of the major UK Gilt houses on board, making TradeWeb's multi-dealer electronic UK Gilt platform the largest available globally. We are delighted that RBC Capital Markets has joined this success story."
Jonathan Hunter, Head of Liquid Products at RBC Capital Markets, said: "We're building on our strong electronic distribution capabilities in the European markets, and TradeWeb gives us fast and seamless electronic execution for trading UK government bonds."
Notes to Editors:
About Thomson TradeWeb
TradeWeb is the leading online fixed-income trading network with over 8.3 million trades executed and total volume surpassing $95 trillion since its inception in 1998. TradeWeb's multi-dealer auction model now links 178 trading desks of 36 of the world's leading fixed-income dealers with more than 2,000 buy-side institutions in Europe, North America and Asia.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 the dealer-to-customer interest rate derivatives online marketplace. TradeWeb is also the leading innovator in the institutional fixed-income markets for best execution and compliance measurement and benchmarking.
Thomson TradeWeb operates within the Thomson Financial group of businesses. TradeWeb LLC is a member of the NASD. TradeWeb Europe Limited is authorised and regulated by the U.K. FSA.
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).
About RBC Capital Markets:
RBC Capital Markets is the corporate and investment banking arm of RBC Financial Group, the global brand name of Royal Bank of Canada (RY: TSX, NYSE), one of the largest banks in North America by assets and market capitalization.
RBC Capital Markets is ranked by Bloomberg as one of the top 15 investment banks globally, and has significant debt origination, sales and trading and foreign exchange businesses that operate around the world. Our North American equity underwriting; sales, trading and research business dominates the Canadian market and has established a significant franchise in the US middle market. Both institutional and retail investors recognize RBC Capital Markets for our expertise across the complete range of structured products.