23 June 1998
WorldCom Advanced Networks (WAN) today announced that it has
won a contract to provide the network to enable Thomson
Financial Services to supply 500 customers around the world
with financial information, part of a US$1 million project.
The facility will allow Thomson Financial Services to
provide customers around the globe with a single solution
for broker to broker matching and regulatory reporting.
Developed by Thomson ESG, the service features a Windows NT
front end, full Year 2000 and Euro compliance, TCPIP
connectivity and global marketside matching.
The WAN was chosen because of the global reach of its
network, its ability to transfer large amounts of data from
remote clients at a viable cost and its willingness to
negotiate a European deal. The project replaces an x.25
Jamie Wilkinson, IT project and development manager, Thomson
Financial Services, said: "To receive information via the
old system, customers around the globe had to make an
international call to the UK. Apart from being very
expensive the lines weren't reliable so connections would be
lost. With the WAN network all calls are charged at local
rates and reliability is far superior."
"Financial information is extremely time sensitive. Our
customers need to be connected every time they dial into the
system and the connection needs to be reliable and
resilient. WAN has provided an extremely resilient solution,
if the link goes down the data is re-routed to alternative
paths," continued Wilkinson.
Thomson Financial Services looked to expand its own network
but working with WAN proved much more efficient and cost
effective in terms of time, money and management resources.
"We looked to extend our own network but we couldn't justify
putting our own points of presence (POPS) in low density,
remote areas such as Indonesia, South Africa and Malaysia.
We even considered integrating the WAN network with our own
but WAN proved the better solution," added Wilkinson.
Thomson Financial Services has purchased IP Link from WAN.
The network links comprise of Thomson Financial Services
leased lines to large clients and WAN dial-up products to
the larger community of smaller and more remote clients. The
project, which will be housed in London, is set to go live
in October 1998.
Andrew Carver, managing director, WorldCom Advanced Networks
Europe, said: "We have invested heavily to ensure that we
have a presence in all major cities around the world. The
bandwidth of our network allows us to carry customers data
reliably and securely, leaving them to focus on their core
- ends -
About Thomson Financial Services
Thomson Financial Services is a leading provider of quality
financial information and related delivery services to every
sector of the global finance and corporate communities.
About WorldCom Advanced Networks
WorldCom Advanced Networks, a leading global network
integrator provides customers with complete fully
integrated, Internet, Intranet and Extranet connectivity
solutions in 114 countries.
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