Linedata Services and Thomson Financial have formed a distribution partnership aimed at fund managers.
Thomson Financial has agreed to use Linedata’s Long View Trading as the OMS platform for its services to fund mangers, including Thomson ONE, TradeWeb, AutEx, and PORTIA. Thomson Financial will redistribute, sell and support the integrated OMS solution as TF OMS. When complete, Thomson Financial will be the first to offer buy-side clients an end-to-end investment management solution that encompasses portfolio modeling, real-time trading applications, trade processing, and portfolio accounting – all through a single point of access, and available as an ASP. Initial development of the multi-phased project is already underway with Thomson Financial.
“The market for best-of-breed fixed income OMS’s is rapidly increasing,” says Jack Wiener, EVP, Linedata Services, Inc. “By combining the market’s best fixed income portal, Thomson TradeWeb, with the market’s best multi-asset class OMS, LongView Trading, we are redefining the OMS space for trading fixed income securities.”
“Linedata’s LongView Trading stood out as the leading OMS with the capability to deliver asset managers the best possible investment management solution,” adds Jim Toffey, President of Equities, Fixed Income, and Retail Wealth Management at Thomson Financial. “LongView Trading’s robust, global multi-asset type functionality combined with its truly scaleable technology and unique ASP capabilities made Linedata the appropriate partner to meet our clients’ most pressing needs. LongView Trading’s multiasset class capabilities are the perfect complement to our market leading services for asset managers.”
Charles Garcia, Director of TF OMS at Thomson Financial, says the company identified an opportunity that TF OMS aims to exploit by bringing together applications that draw on the strengths of Thomson Financial and LongView Trading. “As competition among asset management organizations continues to reach new heights, managing performance and improving efficiency are essential to the success of our buyside clients,” adds Pascal Xatart, Managing Director, Linedata Services, Inc. “By joining forces with Thomson Financial, we are providing the buy-side community with an innovative and efficient technology solution that streamlines the investment process across all asset types from order analysis through post-trade processing in an easy-to-use, cost-effective environment.”