Thomson Financial, an operating unit of The Thomson Corporation (NYSE: TOC, TSX: TOC) and leading provider of information and technology solutions to the worldwide financial community, announced today a global agreement with BT Radianz, a leading provider of financial services connectivity, to provide network services for the new low latency Thomson Data Feed (TDF). BT Radianz, the largest provider of financial services focused extranet products in the industry, will provide connectivity for TDF, giving clients access to exchanges available in low latency, as well as Thomson Financialâs (TF) universe of real-time content. TF announced last week a global commercial agreement with Wombat Financial Software to embed their low latency technology with real-time TDF.
The combination of Thomson Financial and BT Radianz as the network and communications provider, along with the embedding of Wombat Financial Software low latency technology within TDF, gives Thomson Financial a product which addresses all spectrums of client application market data needs, from latency sensitivity through the broad proprietary content which Thomson will provide.
Chris Church, Executive Vice President, Global Sales and Industry Relations, BT Radianz, said: âSpeed continues to be a critical factor as trading strategies become more sophisticated and the timeframe in which the trade is executed grows smaller. With a BT Radianz low latency connection to Thomson Financialâs real-time content, firms gain access to the information they need to execute their strategies quickly and intelligently.â
âBT Radianz adds great value to the TDF low latency equation,â said Matthew Burkley, President, Enterprise Solutions, Thomson Financial. âIts experience and reputation for delivering to clients exchange access around the globe through efficient and reliable connectivity, is second to none. Through TDF, we will be offering the only complete solution for real-time data feed clients - including latency, delivery and platform options,â said Burkley. âWith the dynamics in the marketplace changing, our clients demand optimum performance. Our strategy reflects Thomson Financialâs understanding what our clients need to stay ahead of the game.â