Thomson Reuters and Alpha to Address Market Data Fragmentation in
Canadian Equities Market
(Thomson Reuters ONE) - Toronto - 21, October, 2009 - Thomson Reuters and Alpha todayannounced a new suite of initiatives to address market datafragmentation. Leveraging the two organizations' combined expertisein the Canadian markets and Alpha's technology facilities, ThomsonReuters will provide an independent consolidated tape and hosteddirect feeds.The new suite of services will allow traders to see share pricesoffered across the various exchanges and alternative tradingfacilities in Canada, including Alpha ATS, Pure, Chi-X and the TMXGroup. The fully integrated and enhanced consolidated data offeringwill be derived from order and trade data from the various Canadianequity marketplaces, and will include access to pre- and post-trademarket data.Thomson Reuters feed handlers will be placed adjacent to mostinformation sources including Alpha Trading Systems, providing marketdata access at the lowest possible latency. Clients will be able toaccess all best bid and offer data from and across all contributingmarketplaces. In addition they will have full order book accessattributed by dealer and marketplace. Furthermore the Thomson Reutersoffering will include time and sales data from the sources.Jon Robson, President of Enterprise, Thomson Reuters, said: "Intoday's evolving market, accessing a complete real-time view ofliquidity is a challenge. This is a significant breakthrough for theCanadian marketplace, delivering a consolidated view of all liquidityacross multiple venues, enabling each individual trader to operatewith absolute confidence that they are trading at optimum levels fortheir clients. Well managed consolidated data is a key means to helpdrive efficient trading and market liquidity. We are delighted to beworking with Canadian participants in Alpha to provide this benchmarkstandard for the market.""Access to adequate consolidated market data is an issue of majorconcern in the Canadian marketplace. Without it, market participantscannot discover and exploit the best trading opportunities. Workingin close collaboration with Thomson Reuters will enable us to providethe Canadian marketplace with a competitive solution that is drivenby the industry and addresses key concerns around cost, reliability,low-latency and quality" noted Jos Schmitt, CEO of the Alpha Group.Thomson ReutersThomson Reuters is the world's leading source of intelligentinformation for businesses and professionals. We combine industryexpertise with innovative technology to deliver critical informationto leading decision makers in the financial, legal, tax andaccounting, healthcare and science and media markets, powered by theworld's most trusted news organization. With headquarters in NewYork and major operations in London and Eagan, Minnesota, ThomsonReuters employs more than 50,000 people and operates in over 100countries. Thomson Reuters shares are listed on the Toronto StockExchange (TSX: TRI) and New York Stock Exchange (NYSE: TRI). For moreinformation, go to www.thomsonreuters.com.Alpha GroupAlpha Group comprises the leading Alternative Trading System forCanadian Listed Securities ( Alpha ATS), and a data distributionplant for Alpha ATS market data. Alpha Group was established in May,2007 by nine of Canada's leading financial institutions with the aimof increasing the country's securities trading efficiencies andmaking the Canadian marketplace more globally competitive.Established for the Industry by the Industry; the Alpha Group focuseson increasing liquidity, reducing the cost of trading and providinginnovative services leveraging its unique expertise, operating modeland technological capabilities.For further information regarding Alpha Group, visitwww.alphatradingsystems.ca.CONTACTSFleur Sohtz Ian HendryThomson Reuters Alpha Group+44 20 7542 1543 +1 647 259 0407fleur.sohtz(at)thomsonreuters.com ian.hendry(at)alphatradingsystems.cahttp://hugin.info/142273/R/1348942/324854.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 21.10.2009 - 15:00 Uhr
Sprache: Deutsch
News-ID 7201
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