Banc of America Securities joins TradeWeb European bond marketplace

Source: Thomson TradeWeb

Thomson TradeWeb, the leading network of online fixed-income and derivatives markets, and a unit of The Thomson Corporation (NYSE: TOC, TSX: TOC), today announced that Banc of America Securities Limited has joined as the newest dealer participant on TradeWeb's electronic trading platform for European Government Bonds.

Banc of America Securities Limited currently supports U.S. products including Treasuries and Agencies, Commercial Paper and TBA-MBS. The firm also offers U.S. Treasuries on TradeWeb during the European morning, putting it ahead of the U.S. market open by several hours.

Trading volumes in European Government Bonds reached a record €1.73 trillion in 2005 due to a growing numbers of clients. Nearly 500 institutions traded European Government Bonds online last year, affirming TradeWeb as the institutional marketplace of choice.

Lee Olesky, President of Thomson TradeWeb, commented: "Bank of America is one of our longstanding dealers and their expansion into our European product offering is affirmation of the advantages that TradeWeb brings to investors operating in an increasingly global marketplace. TradeWeb continues to build one of the most liquid marketplaces for European and U.S. fixed income securities and we're delighted our customers can benefit from an expanding liquidity pool for our spectrum of bonds and derivatives products."

Alastair Hollingdale, Head of EMEA Rates Trading at Banc of America Securities Limited, said: "We have found TradeWeb's electronic network for U.S. products quick, efficient and beneficial to our customers. It is only natural that we utilise their European Government Bonds network as part of our continued commitment to growth across Europe."

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