Imported from previous forum
[ original email was from David Basso - david.basso@thomson.com ]
NEW YORK, NY, March, 2005 – 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, has announced that Credit Suisse First Boston’s (CSFB) Advanced Execution Services (AES) is accessible via the Thomson AutEx Order Routing global network. New functionality within AutEx Order Routing supports the FIX custom tags clients need to enter trading parameters. Institutions or buy side dealers take full control of the trade from their desktop entering parameters before the order is sent over the AutEx Network to brokers or sell side traders. The collaboration with CSFB allows institutional clients to access the AES suite of quantitative execution algorithms via their own Order Management System.
“At a time when the buy-side is seeking greater control over the execution of orders, the AutEx Order Routing network is giving our institutional clients the requested access to the premier algorithmic destination,” said Manny Santayana, Managing Director, Advanced Execution Services, CSFB. "We’re gratified to have worked with the Thomson AutEx team in delivering this access to our institutional clients,” Santayana said.
“We were fortunate to work on this development project with CSFB and its AES team, the acknowledged leaders in the algorithmic arena,” said Robert Moitoso, senior vice president and head of AutEx, Thomson Financial. “AutEx continues to be successful in leveraging its historical strengths and providing innovative technology solutions to both the buy-side and sell-side institutional investor communities,” said Moitoso.
Thomson AutEx Order Routing is one of a suite of AutEx products used by trading partners to identify market liquidity and place orders. AutEx facilitates the high-speed transfer of multiple FIX compliant message types over a concentrated global network. Access to the AutEx Network and services is provided via a single connection.
Thomson AutEx is the industry’s leading online real-time network and database for block order indications and trade advertisements. The AutEx community consists of traders at institutional and domestic institutions, broker dealers, exchanges, ECNs and ATSs, either connecting directly to AutEx, or through service bureaus or order management systems. Over 800 of the world’s leading brokers and institutions rely on AutEx to access global pools of liquidity, and every day, one million messages are transmitted on the system between buyers and sellers.
About CSFB & Advanced Execution Services
Credit Suisse First Boston (CSFB) is a leading global investment bank serving institutional, corporate, government and high net worth clients. CSFB’s businesses include securities underwriting, sales and trading, investment banking, private equity, financial advisory services, investment research, venture capital and asset management.
AES is CSFB’s suite of award-winning quantitative execution algorithms, which help institutions and hedge funds worldwide reduce market impact, improve performance versus benchmarks, and add consistency to their trading process. AES is connected to markets in more than 23 countries and is available to its clients through one simple connection. The AES strategies use large amounts of historical data and complex real-time data to assess current trading conditions and respond appropriately. Clients control the big picture while the AES system handles the details. For more information, visit http://www.csfb.com.
*Advanced Execution Services is a registered trademark and AES is a trademark of CSFB.
About Thomson Financial
Thomson Financial is a US$1.73 billion provider of information and technology solutions to the worldwide financial community. Through the widest range of products and services in the industry, Thomson Financial helps clients in more than 70 countries make better decisions, be more productive and achieve superior results. Thomson Financial is part of The Thomson Corporation (www.thomson.com), a global leader in providing integrated information solutions to more than 20 million business and professional customers in the fields of law, tax, accounting, financial services, higher education, reference information, corporate e-learning and assessment, scientific research and healthcare. With revenues of US$8.10 billion, The Thomson Corporation lists its common shares on the New York and Toronto stock exchanges (NYSE: TOC; TSX: TOC).