Thomson said the acquisition of Market System’s technology would help its clients comply with new regulatory changes, such as Regulation NMS and MiFID, as well as create opportunities for further differentiation along the whole trade cycle.
As well as this, the company expects Market Systems’ advanced transaction analytics to significantly enhance the value of trading over the Thomson Order Routing network.
Market Systems is the logical partner for Thomson in the institutional equities space as it has shown impressive growth, achieving the leading market position in compliance services for domestic equity trading, said Jim Toffey, president of Thomson Financial’s Institutional Equities, Fixed Income and Retail Wealth Management group.
We plan to leverage Market Systems’ impressive performance alongside Thomson Financial’s expertise to facilitate expansion into international markets and the addition of new asset classes, together with new functionality.
