IFR Markets Analysis across Key Market Sectors will lead to Better Trading
Decisions

JERSEY CITY, N. Treasury trader at Credit Suisse First Boston,
added, "The updates on flows and the color on what's transpiring in other
markets are important tools that we (the desk ) rely on through-out the day.

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He wrote,
"the SBA is fostering an atmosphere that encourages widespread fraud
and abuse in small business contracting.

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"
Next month, the SBA will be conducting hearings at 11 cities
across the country to discuss small business size standards., Thomson TradeWeb and Thomson IFR
Markets, organizations within The Thomson Corporation
(NYSE: TOC; TSX: TOC), a leading global provider of integrated information
solutions to professionals, today announced that IFR Markets , one of the
world's most respected sources of online commentary and analysis on market
flow, deal terms and accurate forecasting, will appear on TradeWeb's online
trading platform as an additional service."
Over TradeWeb, IFR Markets will be providing buy-side and sell-side users
a unique combination of content, including:

* The "Squawk Box" -- onscreen scrolling market commentary and analysis
* The "Syndicate Desk" -- pipeline, intraday deal details and commentary,
providing analysis and a complete view of a given deal
* The "Morning Meeting" -- a concise recap of overnight events and a
preview of what to expect during the day
* "Technically Speaking" -- a daily feature from IFR Markets' 12
technical analysts which presents strategic outlooks in each of the
different market sectors
* " insight into specific asset classes , giving a thorough
and inclusive look at outside factors affecting the markets as well as
forecasts from IFR markets analysts.

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"

About the American Small Business League

The ASBL is a national organization focused on promoting the
interests of the 23 million American companies with fewer than 100
employees.

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IFR Markets offers traders and market participants the most informed and
up-to-date market insight across a wide range of asset classes including
Government Securities, High Grade Corporates, High Yield, Emerging Markets,
Interest Rate and Credit Derivatives , Foreign Exchange, and Commodities. With revenues of US$7.

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We look forward to accessing this truly valuable research on TradeWeb.

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During a recent public comment period, the SBA received
approximately 6,000 comments on the issue, with more than 80% opposing
the grandfathering proposal.

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S."
The Inspector General for the SBA has documented fraud within the
SBA since 1995. Founded in 1982, IFR
Markets was the first electronic service for technical analysis, and it's been
a leader ever since.
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 TradeXpress network.
Thomson TradeWeb operates within the Thomson Financial group of
businesses. 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.

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The SBA report describes how large companies are
improperly winning contracts in the Federal government's $60-plus
billion small business contracting program., Carlyle Group, and
Hewlett-Packard Co.J.

About Thomson IFR Markets:
IFR Markets is a leading source of online commentary and analysis on
market flow, deal terms, and accurate forecasting.

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TradeWeb's multi-dealer auction model links the trading
desks of 32 of the world's leading fixed-income dealers with more than
1,800 buy-side institutions in North America and Europe .

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"If there was nothing to cover
up, they would have handed this report over months ago.com

5 billion provider of information and
technology solutions to the worldwide financial community .

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asbl.

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, Northrop Grumann Corp.
Senator John Kerry of Massachusetts, ranking member of the Senate
Committee on Small Business and Entrepreneurship, addressed the issue
in a January 25, 2005 letter to the SBA Inspector General. "The release of the SBA's
original report will be a key step in exposing the truth and making
positive changes in small business contracting by the Federal
government.

About Thomson TradeWeb:
TradeWeb is the leading online fixed-income trading network with over
6 million trades executed and total volume surpassing $65 trillion since its
inception in 1998 .

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U.S. Small Business Administration Refuses to Release Report Appeals Decision to Ninth Circuit to the ASBL; SBA Withholds Public Document Fails to Fight Frau

District Court of Northern California ordering the SBA to release to
the American Small Business League (ASBL) a draft report on government
contracting .

IFR Markets Now Distributed over TradeWeb - The Leading Online Markets for Fixed-Income

thomson.

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The report in question was prepared by Eagle Eye Publishers and
delivered to the SBA on November 14, 2003. IFR Markets' analysts go one step further than just reporting by
providing in-depth analysis that focuses on what's next -- a perspective that
market participants have grown to rely on for over 20 years. TradeWeb's STP network also includes
AccountNet, the leading standard settlement instructions database.com), a leading provider of value-added
information, software tools and applications to more than 20 million users in
the fields of law, tax, accounting, financial services, higher education ,
reference information, corporate training and assessment, scientific research
and healthcare .44 billion from continuing operations,
The Thomson Corporation lists its common shares on the New York and Toronto
stock exchanges (NYSE: TOC; TSX: TOC.

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According to the Inspector General, four out of
six high-dollar small business contracts awarded by the SBA itself in
fiscal years 2001 and 2002 were given to large businesses.
"Corruption within the SBA is one of the biggest challenges facing
the government right now," said Chapman. For more information, please go to
www.

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Business Editors/Government Writers

SAN FRANCISCO----The U.
SBA officials have wavered in explaining why they refused to
release the original report to the public, choosing instead to hide
possibly hundreds of cases where businesses fraudulently won small
business set-aside contracts, said the ASBL."
Sean O'Rourke, a U. FSA.

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casting argues

S. One such change the SBA
is considering is a "grandfathering " clause that would allow large
companies to keep their small business contracts for up to five more
years. Among our successes, we provoked a GAO investigation
confirming that a majority of small business contracts are going to
large companies; we prompted a congressional hearing into abuse in
small business contracting; we pushed the government to begin
requiring annual recertification for suppliers; we helped eliminate a
federal policy that allowed large businesses to buy small businesses
and keep that small business status for up to 20 years; we forced the
SBA to remove 600 large corporations from the SBA's database of small
businesses; we succeeded in reducing the SBA's Information Technology
Value-Added Reseller size standard from 500 to 150 employees; we
prompted the SBA to propose redefining a small business as one with
100 employees or fewer; and we drove the SBA to change procedures
allowing businesses to file protests against large companies falsely
claiming to be small businesses. With IFR Markets on TradeWeb,
traders can now seamlessly access indispensable trading flow commentary and
analysis as they analyze and trade securities. The unique combination of real-time information and
analysis makes IFR Markets the source for global market insight.

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Small
Business Administration (SBA) has appealed a ruling by the U.
Jim Toffey, Chief Executive Officer of Thomson TradeWeb said, "The launch
of IFR Markets provides TradeWeb users with a great opportunity to quickly get
a high quality read on the market as they make their investment and trading
decisions. TradeWeb is a member of the NASD and regulated by the U.K.

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On December 28, 2004, the
SBA released an edited version of the report, revealing that small
business contracts had been awarded to 44 large corporations,
including Raytheon Co.)

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The fact is
that their edited report only listed 44 large companies as incorrectly
receiving small business contracts, whereas we know that more than 600
large businesses have been taken off the SBA database in the past two
years.

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On April 28, 2005, the court ordered the SBA to
release the original report within 21 days , rejecting the SBA's
argument that the report was "predecisional" and therefore protected
by exemptions in the Freedom of Information Act. While the SBA
originally argued that the content was "predecisional ," it changed its
case during a recent District Court hearing, telling the court that it
would not release the report on "a matter of principle. Earlier this year, the SBA Office of Inspector General
issued three reports citing misallocation of small business contracts
to large businesses.S.

About Thomson Financial:
Thomson Financial is a US$1.

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"
Lloyd Chapman, president of the ASBL, has no question about the
SBA's reasons for hiding the report. Testimony
presented at these hearings will be factored into SBA decisions about
restructuring and simplifying size standards . The
firm's 90 expert analysts are in constant touch with sell-side traders,
syndicate managers , and analysts to stay abreast of market movements and
events. Thomson Financial is part of The Thomson
Corporation (http://www.