-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Gno/nEtMaVUnGST0EfwOYAEdQZNBvW3nNTMnTbJJOk8HyXW6uLOitjxH023QYPZA /DyLZeIZzncee6vZYCZvZg== 0001104659-07-074382.txt : 20071011 0001104659-07-074382.hdr.sgml : 20071011 20071011092206 ACCESSION NUMBER: 0001104659-07-074382 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20071011 FILED AS OF DATE: 20071011 DATE AS OF CHANGE: 20071011 FILER: COMPANY DATA: COMPANY CONFORMED NAME: THOMSON CORP /CAN/ CENTRAL INDEX KEY: 0001075124 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS PUBLISHING [2741] IRS NUMBER: 980176673 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-31349 FILM NUMBER: 071166414 BUSINESS ADDRESS: STREET 1: METRO CENTER STREET 2: ONE STATION PLACE CITY: STAMFORD STATE: CT ZIP: 06902 BUSINESS PHONE: 2035398000 MAIL ADDRESS: STREET 1: METRO CENTER STREET 2: ONE STATION PLACE CITY: STAMFORD STATE: CT ZIP: 06902 6-K 1 a07-26218_76k.htm 6-K

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of October 2007

 

Commission File Number: 1-31349             

 

THE THOMSON CORPORATION

(Translation of registrant’s name into English)

 

Metro Center, One Station Place

Stamford, Connecticut 06902, United States

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F o   Form 40-F x

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o

 

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

 

Yes  o   No  x

 

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):  82-.

 

 



 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

 

 

THE THOMSON CORPORATION

 

 

 

 

 

 

 

 

By:

/s/ Edward A. Friedland

 

 

 

 

Name:

Edward A. Friedland

 

 

 

Title:

Assistant Secretary

 

Date: October 11, 2007

 

2



 

EXHIBIT INDEX

 

Exhibit Number

 

Description

 

 

 

99.1

 

News release dated October 11, 2007 – Nine Global Dealers and Thomson Financial Form Premier Electronic Trading Venture Using TradeWeb

 

3


EX-99.1 2 a07-26218_7ex99d1.htm EX-99.1

Exhibit 99.1

 

The Thomson Corporation

 

Metro Center, One Station Place

 

Stamford, CT 06902

 

Tel (203) 539-8000

 

www.thomson.com

 

 

 

News Release

 

Media Contacts:

 

Investor Contact:

 

 

 

Simon Hylson-Smith

(201) 915 3142

 

Frank J. Golden

(203) 539 8470

Thomson TradeWeb (U.S.)

 

Investor Relations

Simon.hylson-smith@tradeweb.com

 

frank.golden@thomson.com

 

 

 

Cara Kiewel

+44 (0) 20 7776 0943

 

 

Thomson TradeWeb (Europe/Asia)

 

 

Cara.kiewel@tradeweb.com

 

 

 

 

 

Sally Cates

(646) 822 2076

 

 

Thomson Financial

 

 

Sally.cates@thomson.com

 

 

 

 

 

Fred Hawrysh

(203) 539 8314

 

 

The Thomson Corporation

 

 

Fred.hawrysh@thomson.com

 

 

 

 

FOR IMMEDIATE RELEASE

 

Nine Global Dealers and Thomson Financial Form Premier

 

Electronic Trading Venture Using TradeWeb

 

 

STAMFORD, CT, October 11, 2007 — Thomson Financial, an operating unit of The Thomson Corporation (TSX: TOC, NYSE: TOC) and the parent company of TradeWeb,  today announced it plans to form a strategic partnership with nine of the world’s leading global dealers to drive the expansion of electronic trading using the TradeWeb platform. TradeWeb is the world’s leading multi-dealer-to-customer marketplace for fixed income and derivatives linking 35 leading dealers, including the nine investors, with over 2,200 buy-side customers.

 

The partnership will utilize TradeWeb’s established market position to create a global multi-asset class execution venue for clients. Under the terms of the agreement, the dealers will invest approximately $180 million to purchase a minority stake in TradeWeb’s established markets. Separately, Thomson and the dealers will fund additional investment in asset class expansion.

 



 

As part of the overall partnership, Thomson Financial will contribute its equity trading-related assets, including AutEx and the Thomson Order Routing network to TradeWeb.  AutEx is an industry leader in providing equity indications of interest (“IOIs”). Thomson Order Routing is a leading global FIX network, with more than 6,000 connections to over 700 customers around the world.

 

The dealers that have agreed to invest in TradeWeb are: Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan, Lehman Brothers, Merrill Lynch, Morgan Stanley, The Royal Bank of Scotland, and UBS. All nine firms have committed to participate in TradeWeb’s markets, including interest rate swaps, providing a significant opportunity for institutional investors to benefit from the efficiencies of electronic trading.

 

This deal is expected to provide a number of advantages to clients, including:

 

           The opportunity to create a unified platform for the trading of fixed income, derivatives and equities markets;

           Integrated multi-asset class trade processing;

           Access to a deep pool of dealer liquidity for interest rate swaps;

           Accurate pricing information off which to drive analytics and modeling;

           True multi-asset and cross-asset class trading, enabling clients to execute advanced trading strategies that are now becoming commonplace, especially with hedge funds and other leveraged investors; and

           Greater market transparency, increased trading effectiveness and reduced operational complexity for both the buy-side and sell-side.

 

Under the terms of the agreement, Thomson Financial will become a preferred distributor of TradeWeb’s market data.

 

“This new venture is a demonstration of Thomson Financial’s commitment to working with its dealers and customers to drive performance,” said Sharon Rowlands, CEO of Thomson Financial. “It will marry TradeWeb’s proven technology and operational skills with the support of a world-class group of dealers to provide global, one-stop trading and straight-through processing for our customers.”

 

TradeWeb was acquired by Thomson Financial in 2004, a year in which trading volumes totaled $26.2 trillion. Since then trading has continued to increase, with clients executing more than $51.2 trillion in trades in 2006, an increase of 95% over 2004. Trading in the first half of 2007 reached $30.6 trillion, a year-on-year increase of 22%.

 

“This partnership is a natural step forward in the evolution of the online financial marketplace, taking us closer to the time when almost all trading is electronic,” said Jim Toffey, CEO of Thomson TradeWeb. “TradeWeb is ideally positioned to seize this opportunity, and expand e-trading for our clients on one platform through organic growth and through acquisition. The end-game is to be the leading global network where markets meet.”

 



 

“At this stage in the evolution of the electronic markets, especially interest rate swaps, the partnership of leading dealers with TradeWeb’s global distribution and technology, is a powerful combination. New investment by the dealers, and ongoing support from Thomson, position us uniquely to continue to work with the wider buy-side and sell-side community to expand our business,” said Lee Olesky, President of Thomson TradeWeb.

 

Toffey, Olesky, and Billy Hult, Managing Director and Head of U.S. Markets, will retain the same positions in the new venture.

 

“The dealers are pleased to partner with TradeWeb to provide our clients with the transparency, price discovery and efficiency of electronic execution,” said Vic Simone, Global Head of Principal Strategic Investments for Goldman Sachs, on behalf of the dealer consortium. “Together, we will provide new solutions that reduce technology complexity, increase settlement accuracy and drive best-execution pricing.”

 

The transaction is expected to close in the next few months, pending regulatory approval.  TradeWeb will maintain its global headquarters in Jersey City, NJ. Average daily trading volume on TradeWeb exceeds $250 billion.

 

TradeWeb will continue to work closely with Thomson Financial on developing new and innovative solutions for non-traders.

 

Merrill Lynch acted as financial advisor and Fried, Frank, Harris, Shriver & Jacobson LLP acted as legal advisor to Thomson on the transaction. Cleary Gottlieb Steen & Hamilton LLP acted as legal advisor to the group of investing dealers.

 

The Thomson Corporation

The Thomson Corporation (www.thomson.com) is a global leader in providing essential electronic workflow solutions to business and professional customers.  With operational headquarters in Stamford, CT, Thomson provides value-added information, software tools and applications to professionals in the fields of law, tax, accounting, financial services, scientific research and healthcare.  The Corporation’s common shares are listed on the New York and Toronto stock exchanges (NYSE: TOC; TSX: TOC). Thomson Financial, with 2006 revenues of U.S.$2 billion, is a 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.

 

About Thomson TradeWeb

Thomson TradeWeb is the leading online fixed-income trading network with over 12 million trades executed and total volume surpassing $200 trillion since its inception in 1998. TradeWeb’s multi-dealer auction model links the trading desks of 35 of the world’s leading Fixed-Income dealers with more than 2,200 buy-side institutions in North America, Europe, and Asia. Over $250 billion in trading volume gets executed over TradeWeb each day. The business is also the leading electronic “straight-through processing” network for the fixed-income markets, providing dealers and buy-side institutions with paperless trade allocations and confirmations on its

 



 

fully-integrated TradeXpressSTP network. The TradeXpressSTP network includes AccountNet, the first derivatives counterparty management tool and the leading data warehouse for standing settlement instructions and OTC derivatives legal documentation. TradeWeb operates within the Thomson Financial group of businesses. TradeWeb LLC is a member of FINRA. TradeWeb Europe Limited is regulated by the U.K. Financial Services Authority.

 

This news release includes forward-looking statements which are based on certain assumptions and reflect The Thomson Corporation’s current expectations. Forward-looking statements include, without limitation, the Corporation’s beliefs that the venture will expand electronic trading on TradeWeb and that it is expected to provide a number of advantages to clients. All forward-looking statements in this news release are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of the factors that could cause actual results to differ materially from current expectations include the need to obtain regulatory approvals and satisfy conditions to closing, risks related to changes in the general economy and actions of TradeWeb’s competitors. Additional factors are discussed in the Corporation’s materials filed with the securities regulatory authorities in Canada and the United States from time to time, including the Corporation’s latest annual information form, which is contained in its most recently filed annual report on Form 40-F. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, other than as required by law.

 


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