THOMSON FINANCIAL AQUIRES QUANT TRADING INC. TO COMPLETE SEAMLESS STRAIGHT THROUGH PROCESSING WORKFLOW CAPABILITY

Thomson Yield ONE Poised to Revolutionize the Marketplace by Offering Advanced Fixed Income Solution and Greater Overall Value Proposition

NEW YORK, NY, February 10, 2003 -- Thomson Financial, an operating unit of The Thomson Corporation (TSX: TOC, NYSE: TOC), and leading provider of information and technology solutions to the worldwide financial community, today announced it has acquired Quant Trading Inc., a provider of market leading trading systems and business to business e-commerce solutions to major financial market institutions. Quant, a recognized leader in the fast growing market for fixed-income trading systems, has a client base that includes broker-dealers, commercial banks, regional dealers and buy-side institutions. Financial terms of the deal were not disclosed.

With this acquisition, Thomson Financial can now offer a complete fixed income workflow solution that includes risk management, online P&L, security valuation and analytics, trade capture, order management, bid/offer distribution and repurchase trade. This completes the total STP workflow offering of the Thomson institutional fixed income technology platform, and demonstrates to the marketplace its superior technology and winning value proposition. Called Yield ONE, Thomson Financial’s solution for the institutional fixed income market is a comprehensive, industrial-strength fixed income solution that covers transaction services, decision support and analytics across all fixed income asset classes in a single integrated interface.

Dan Pollner, formerly CEO of Quant Trading Inc. will become the new head of fixed income development for Thomson Financial’s Banking and Brokerage Group, reporting to Ken Wagner COO and Mike Herbert, global head of development.

"Thomson Financial is a recognized leader in the institutional fixed income community, so as Quant began discussions with them, we were excited at the prospect of expanding our offerings to our loyal customer base," noted Dan Pollner. "I look forward to strengthening my relationship with our customers as Thomson Yield ONE is introduced to the marketplace."

"Adding Quant Trading assets to our existing offerings nicely rounds out the Thomson Yield ONE platform. It allows us to aggressively compete head-to-head with competitors as we now can offer a solid and single solution alternative to the fixed income community," said Lou Eccleston, president of Thomson Financial’s Banking and Brokerage Group. "I’m confident in saying our total STP workflow solution challenges all existing products available today – both in performance and pricing."

"Thomson Financial’s leadership position in the area of fixed income has just been cemented with the acquisition of Quant," said Jim Fiesel, Executive Vice President, Thomson Financial’s Banking and Brokerage group. "It provides the foundation for one central security master database and a complete STP solution."

Thomson Yield ONE is a component of Thomson ONE, a flexible, open application framework that allows for the easy integration and distribution of Thomson products, third party and proprietary products onto one convenient platform. Thomson ONE has the ability to deliver tailored integration, without the high cost of ownership and unwanted features. It is both an architecture and new service configurable to the specific needs of corporate finance, institutional, brokerage and fixed income market professionals. Each component within the solution suite is tailored to a different audience: Thomson Equity One is aimed at the institutional equities market; Thomson Advisor ONE offers financial advisors a wealth management solution integrated with market data; Thomson Banker ONE is aimed at the investment banking market. Thomson Financial will formally launch Thomson Yield ONE for fixed income users early in 2003. Investment management and investor relations product suites will also be introduced later in the year.

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