Press releases 2003

19 September 2003

TD Waterhouse orders 125 Proquote screens

Proquote Limited, the London Stock Exchange's trading system and market data business, announced today that it has secured one of its largest ever contracts, selling 125 screens to broker TD Waterhouse.

TD Waterhouse, the UK's largest execution-only broker, is replacing the screens in its Manchester and Leeds offices with Proquote View and Proquote Trader screens, which give access to a Retail Service Provider platform carrying price information from major Market Makers.    

The TD Waterhouse contract takes the number of Proquote's corporate clients to 102.  It also means that TD Waterhouse is Proquote’s second biggest corporate customer behind Gerrards. 

Around 500 Proquote screens have been ordered this year alone by customers such as Charles Stanley, Investec Henderson Crosthwaite, Prudential Bache, Hichens Harrison, MacArthur & Company, and Ramsey Crookall.

Angus Rigby, Senior Vice President at TD Waterhouse, said:

"We are committed to providing a superior level of service and this investment in Proquote screens will allow us to continue to offer the best trading services for our clients."

David Lester, CIO at the London Stock Exchange, said:

"I am delighted that TD Waterhouse has chosen Proquote to provide their trading and market data systems. There is growing demand for reasonably-priced but functional trading and market data systems, and Proquote is significantly ahead of its competitors in this market."

Proquote is the UK's fastest growing trading and market data business, supplying a competitively priced, browser-based product that allows market professionals to access real time price data and market information, as well as trade online. 

The Exchange acquired the company in January 2003 and it is now run as a wholly owned subsidiary of the Exchange.

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For further information, please contact:

Jamin Smith
Press Office
+44 (0)20 7797 1222
or email newsroom@londonstockexchange.com

About Proquote

Proquote is the most established and functionally rich member of a new generation of real-time trading and market data systems, providing huge reductions in cost of ownership.  Proquote combines extensive market knowledge and modern technology to deliver live market information and trading functionality to standard desktop PCs or laptops with no infrastructure required at the customer site.

Features include Level I and Level II real-time data and prices from the London Stock Exchange; real-time data from other exchanges including Euronext, Xetra and Nasdaq; indices from the leading global markets; RNS and AFX news feeds; LIFFE options and futures data; comprehensive fundamental data, broker forecasts and directors’ share dealings; stock lists, alerts, news, trade and price tickers; and foreign exchange and trading histories.  Data is supplied in real time and supported by comprehensive analytical and charting tools.

About TD Waterhouse

TD Waterhouse is one of the world's largest discount brokers, providing investors with a broad range of brokerage, mutual fund, banking and other consumer financial products on an integrated basis.  Worldwide, TD Waterhouse currently services more than 3.3 million customer accounts and has over US $130 billion of assets under management.

TD Waterhouse UK provides investors with simple, secure and cost effective share dealing services, combined with a wealth of high quality, timely information from some of the world’s leading providers. 

For further information, visit the website.