Combining the GlobalTOPIC Trader workstation with virt-x's integrated market model provides buy and sell-side users with readily accessible, anonymous and more cost effective trading. This is consistent with virt-x's strategy of extending connectivity to meet the needs of new and existing members; members can also connect directly to virt-x or via one of 23 other ISVs.
Commenting on the announcement Antoinette Hunziker-Ebneter, virt-x CEO, said: "The announcement of this first network connection to virt-x is another significant step as it makes the market more accessible to small and medium sized banks and institutions. The Thomson network, which has a strong global presence and delivers a significant amount of UK domestic trades, increases the reach of virt-x and gives members access to additional pool of liquidity. As the merits of our straight through processing model are increasingly recognised we look forward to building on our initial success and achieving our first year target of 10% market share of European blue chip trading."
Donal Smith, Managing Director Sales and Trading International, of Thomson Financial said: "With the globalisation of the financial markets and increasing number of institutions requiring access to multiple exchanges, effective and reliable connectivity is a key market requirement. By developing this connection with virt-x, Thomson Financial has proved that as market leader it is committed to driving exchange trading technologies forward. We are delighted to be the first to offer the first fully hosted connection to virt-x and looking forward to developing the relationship further."
