The Thomson RSP Gateway allows market makers to offer their equities trading and price quotation services to UK private client brokers. The addition of Panmure Gordon to the Thomson RSP Gateway brings the number of execution venues to 10. Utilising the Thomson RSP Gateway, these firms offer trading in a wide range of UK and European equities, bonds, investment trusts and covered warrants. The others participant investment banks and brokers are Aitken Campbell, Bondscape, Dresdner Kleinwort Wasserstein, Evolution Securities, KBC Peel Hunt, Merrill Lynch, Numis Securities, UBS and Winterflood Securities.
Richard Wyatt, Chairman of Panmure Gordon commented: "We are delighted to be able to offer Thomson Financial's broking clients access to Panmure Gordon's range of UK stocks. This is a very positive step for investors, allowing them access to a greater range of execution venues."
RSPs provide competitive price quotation and trading services to UK private client brokers. Through Thomson Financialâs single link to a range of leading firms, brokers can acquire market-improved prices, execute immediately, use flexible settlement periods and settle in a range of currencies. Brokers connecting to the Thomson RSP Gateway also benefit from cost savings through infrastructure and efficiency gains.
Paul Bendall, European Director of Thomson Financial's Wealth Management segment group said:
"By continuing to expand the choice of execution services available through the Thomson RSP Gateway we deliver true value to our UK broking community by simplifying connectivity and helping to facilitate best execution."
Brokers can access the Thomson RSP Gateway through their own in-house software, either through an Application Program Interface (API) or Financial Information eXchange (FIX) connection. Alternatively, they can connect through the Thomson GlobalTOPIC desktop application. Access to the gateway will also be available through the Thomson ONE application suite in 2005.
"An increasing number of market makers wish to offer electronic pricing and execution services to private client brokers, and recognize that reaching the Thomson Financial broking community is crucial to obtain order flow. We are very pleased to welcome Panmure Gordon to the Thomson RSP Gateway, and look forward to announcing further additions in the near future," concluded Bendall.