TradeWeb acquired By Thomson Corp. for $350 million plus.Thomson Corp, (Stamford, CT), through its Thomson Financial Thomson Financial A major provider of information, analytical tools, and consulting services to the financial community. The firm, a division of Thomson Corporation, is best known to investors for its First Call segment, which publishes consensus earnings (New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ) unit, has acquired TradeWeb (Jersey City, NJ), an online global trading platform for fixed-income securities Fixed-income securities Investments that have specific interest rates, such as bonds. , for $350 million in cash plus contingent payments of up to approximately $150 million over the next three years based on meeting growth targets. TardeWeb was established in 1998 and targets its services to dealers and buy-side institutions. The company provides fixed-income market data for the liquid fixed-income securities traded on its network. Its multi-dealer auction model links 27 of the world's largest dealers of fixed-income securities with over 1500 buy-side institutions worldwide. TradeWeb also produces AccountNetSM, an online standing settlement instructions (SSI (1) See server-side include and single-system image. (2) (Small-Scale Integration) Less than 100 transistors on a chip. See MSI, LSI, VLSI and ULSI. 1. (electronics) SSI - small scale integration. 2. ) database. TradeWeb is currently owned by a consortium of eight investment banks The following is a list of investment banks Financial conglomerates Large financial-services conglomerates combine commercial banking and investment banking, and sometimes insurance. , including Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. , Citigroup, Goldman Sachs, Lehman Brothers, Merrill Lynch, Morgan Stanley, JP Morgan and Deutsche Bank. Thomson Financial currently offers a range of pre-trade analytical capabilities to the fixed-income marketplace through the Thomson ONE Yield service. Thomson said the integration of Thomson ONE Yield service into TradeWeb will allow TradeWeb to expand into new global markets, including Asia and Latin America. Earlier this month, Thomson Financial entered into a partnership with MarketWatch.com (San Francisco, CA) to develop a new, online news service to be delivered via Thomson ONE. The service will focus on real-time market, industry and U.S. company news. Thomson Financial president Sharon Rowlands said that research shows that "our clients require multiple sources of news to do their Jobs well. This new offering is intended to be a complement to Dow Jones and other quality news sources that Thomson already provides." |
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