09 Apr 2008
Thomson Financial Signs Wedbush Morgan Securities To Multi-Million Dollar Four-Year Renewal Contract
New York, NY
Thomson Financial today announced a multi-million dollar four-year renewal agreement for back office processing with Wedbush Morgan Securities headquartered in Los Angeles, CA, one of the largest private, independent brokerage firms in the nation. Webush Morgan specializes in providing transaction, trading, and clearing services to institutional and private retail clients. They have been ranked #1 Liquidity Provider on NASDAQ since June 2006. Under the new contract, Thomson will continue to provide Wedbush Morgan with a comprehensive solution that supports all of the processing requirements of a self-clearing broker.
"Our decision to renew this contract underscores how much we value Thomson Transaction Services as a partner," said Jeff Bell, Executive Vice President, Wedbush Morgan Securities. "Leveraging the power of TTS products within our business is an obvious choice. TTS has been a reliable business partner dedicated to our continued growth," said Bell.
"We are gratified by the continued success of our partnership with Wedbush Morgan, and the decision to extend this long running contract for another four years," said Gordon Fox, Managing Director, Thomson Transaction Services, Thomson Financial. "We’ve created our systems to be virtually fail-safe and believe that a great product without great support is an empty promise. At TTS, dedicated teams focus on monitoring performance and availability, while our state-of-the-art back-up data centers ensure that the data is always there and always accurate," said Fox. "Our constant goal is to enhance the performance of our clients in servicing their own clients."
About Thomson Financial
Thomson Financial, with 2007 revenues of US$2.2 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 100 countries make better decisions, be more productive and achieve superior results. Thomson Financial is part of The Thomson Corporation (www.thomson.com), a global leader in providing essential electronic workflow solutions to business and professional customers. With operational headquarters in Stamford, Conn., Thomson provides value-added information, software tools and applications to professionals in the fields of law, tax, accounting, financial services, scientific research and healthcare.
About Wedbush Morgan Securities
Founded in 1955, Wedbush Morgan Securities is a leading financial services and investment firm that provides private and institutional brokerage, correspondent clearing, investment banking, private capital, research, and asset management to individual, institutional and issuing clients. With 35 regional offices and over 100 correspondent offices nationwide, Wedbush Morgan focuses on middle-market companies and their entrepreneurial leaders, and has met the financing needs of numerous successful growth companies across a variety of industries through public offerings, private placements and financial advisory services. Wedbush Morgan's research and investment banking groups focus on sectors within technology, consumer goods and services, life sciences, industrial and business service.
Media Contacts
Janice Addams
Senior Manager, Public Relations
Thomson Financial
Tel: +1 646 822 2826
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