Thomson Discloses Plans For Multi-Vehicle Execution

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Thomson Financial Services Inc. came clean last week about plans for its TORS order-routing service and related TOTS order-tracking system. The Boston-based vendor has enlisted the help of several institutional investors and brokers on the project, which is aimed at creating a single point of access to multiple execution systems along the lines of First Boston Corp.'s planned Lattice system.Thomson announced its development plans after keeping mum on the proposed system for several weeks (IM