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The Royal Bank of Scotland Joins TradeWeb's Swaps Platform

| Derivatives

LONDON/JERSEY CITY, 18 April 2006 - 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 The Royal Bank of Scotland has become the newest dealer participant for both Euro and Dollar Interest Rate Swaps on TradeWeb's global online network.The Royal Bank of Scotland, a leading global bank providing its customers with a wide range of expertise and solutions in the fixed-income derivatives markets, is the latest global swaps liquidity provider to TradeWeb's Euro and Dollar Interest Rate Swaps platforms.


TradeWeb Euro Interest Rate Swaps marketplace was launched in March 2005, and has since seen continued growth in volumes, number of trades and client acquisition. Currently over 100 buy-side institutions participate on the Euro product.


U.S. Dollar swaps went live in September 2005, becoming the first integrated platform in this market to offer electronic multi-dealer auctions with automatic ISDA-compliant post-trade processing. More market makers are set to join TradeWeb IRS, both in Europe and the US, in the coming months.


With TradeWeb's unique offering and functionality, the buy-and sell-side community benefit from greater efficiencies and significantly reduced operational risk.


"TradeWeb continues to attract the best liquidity providers in the global Interest Rate Derivatives markets," said Lee Olesky, President of Thomson TradeWeb. "RBS is a leading swaps dealer and we are delighted that they have come on board. RBS will strengthen and deepen the liquidity pool available to our customers and confirms TradeWeb as the multiple dealer-to-customer electronic trading platform of choice for Interest Rate Swaps".


Michelle Neal, Head of Debt Markets eCommerce at The Royal Bank of Scotland commented: "Joining TradeWeb's Euro and Dollar Interest Rate Platforms reinforces our leadership positions in these markets and leverages our expertise to create substantial value for our global institutional clients. TradeWeb's successful electronic trading platform for Euro and Dollar Interest Rate Swaps provides us with the functionality to best serve the needs of our diverse customer base."


Notes to Editors:


About Thomson TradeWeb


TradeWeb is the leading online fixed-income trading network with over 9 million trades executed and total volume surpassing $120 trillion since its inception in 1998. TradeWeb's multi-dealer auction model now links 36 of the world's leading fixed-income dealers with more than 2,200 buy-side institutions in Europe, North America and Asia. Over $200 billion in trading volume gets executed over TradeWeb each day.


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$1.9 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 (, 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$8.7 billion, The Thomson Corporation lists its common shares on the New York and Toronto stock exchanges (NYSE: TOC; TSX: TOC).