Thomson ONE is an open application framework solution incorporating data and applications from Thomson, proprietary and third party sources, integrated within a single user interface. Thomson ONE Equity and Thomson ONE Advisor users will now have the capability of trading the global markets directly from their Thomson ONE screens. Terms of the agreement were not disclosed.
Thomson ONE Equity is a complete equity solution targeted to the institutional markets, providing flexible access to market data, analytics and connectivity. Thomson ONE Advisor, targeting the retail broker and financial advisor markets, is an integrated, total front-to-back office, broker/advisory solution that streamlines advisor workflow and streamlines client-servicing activities. By terms of this agreement, GL TRADE will integrate its GL MOSAIC trading station with the Thomson ONE Equity and Thomson ONE Advisor platforms, enabling users to view the markets, and trade on them directly from a single user interface. GL TRADE's proprietary international network, GL NET, will provide Thomson with global access to more than 60 equity and derivatives markets and more than 300 brokers.
"Our agreement with GL TRADE favorably positions Thomson for transactional business and allows us to provide complete back-to-front solutions to our customers," said Lou Eccleston, President, Banking and Brokerage, Thomson Financial. "Over the year's, Thomson has been a leading provider of financial information and technical solutions to the financial services industry. With the addition of trading capabilities to our core offerings, we are well positioned to continue to increase our market share in this very challenging market environment," said Eccleston.
"Thomson's worldwide distribution combined with the market connectivity of GL TRADE makes an unbeatable combination of market information, trading capabilities, and connectivity," said Gerard Varjacques, CEO of GL TRADE Americas. "The combined strengths of our two organizations are very complementary. We believe this agreement will further augment both companies strategic position within the financial services industry," said Varjacques.
