Home
News
E-mail Newsletters
Blogs
Tech Dispenser
Shark Bait
Knowledge Centers
Opinion
Webcasts
Video
Podcasts
White Papers
Computerworld Reports
Zones
Case Study Library
RSS Feeds
Events
Print Subscriptions

Subscribe to our e-mail newsletters
For more info on a specific newsletter, click the title. Details will be displayed in a new window.
Computerworld Daily News (First Look and Wrap-Up)
Computerworld Blogs Newsletter
The Weekly Top 10
More E-Mail Newsletters 

Computerworld 2007Subscribe to Computerworld
40 years of the most authoritative source of news and information for IT leaders.

Top Banks Launch Joint Site for Corporate Clients

TheMarkets.com will debut later this year
Maria Trombly   Today’s Top Stories    or  Other Computerworld Stories  
 

Sign up to receive Security Resource Alerts

September 18, 2000 (Computerworld) -- Seven of the world's leading investment banks last week announced plans to launch a joint financial information Web site for their institutional clients.
The site, TheMarkets.com, is expected to make it easier for corporate customers such as Wal-Mart Stores Inc. to find equity research, market data and other investment information in one place. But customers won't be able to use the site to buy or sell stocks online, at least not initially, which may hinder customer adoption, analysts warned.
Big institutional investors, which typically have accounts with multiple investment banks, have grumbled about how they have had to jump around among different bank Web sites to locate and gather market information, said Don Callahan, a managing director at New York-based Morgan Stanley Dean Witter & Co., one of the banks in the venture.
Using TheMarkets.com, customers should be able to get at this information more easily by going to a single, consolidated location, he added. The effort is akin to the kind of aggregation portal Citibank recently launched - MyCiti.com - that allows retail customers to view all their accounts from a variety of U.S. financial institutions.
But unlike the MyCiti.com site, which is available to Citibank and non-Citibank customers alike, TheMarkets.com will be available only to institutional clients of the participating banks, such as pension funds, asset managers and hedge funds.
Multex.com Inc. in New York will provide the infrastructure for the site, which will link investors to Morgan Stanley Dean Witter, Goldman Sachs Group Inc., Merrill Lynch & Co., Salomon Smith Barney Holdings Inc., Credit Suisse First Boston, Deutsche Banc Alex. Brown Inc. and UBS Warburg. The site is scheduled to launch in the fourth quarter.
Still, the inability to trade on the site could deter customers from using it, said Dana Stiffler, an analyst at Newton, Mass.-based Meridien Research Inc. "Until there's some kind of transactional capability, it's basically like putting a catalog online," she said.
Eventually, information-only sites and trading sites will converge, because it's logical for them to be linked and because customers will demand it, said Larry Tabb, an analyst at Needham, Mass.-based TowerGroup.
According to executives at the participating investment banks, there will be no additional costs for clients to use the service. Callahan said the group is talking with other investment banks about joining the venture in the future.




Print this Story Send Us Feedback E-mail this Story Digg! Digg this Story Slashdot this Story

Mozilla launches Firefox 3.0 RC1 early
Microsoft: Don't misunderstand UAC, other Vista features
HP confirms XP SP3 endless reboot snafu, promises patch
More top stories...
Microsoft pulls Windows Home Server backup feature
Yahoo tells Icahn that its own board knows best
Tools circulate that crack Debian, Ubuntu keys

Shuttle Columbia's hard drive data recovered from crash site
Specialists have retrieved about 99% of the data on a disk drive on board the crashed space shuttle Columbia. Don't miss the photographs of the recovered drive.
The top 15 vaporware products of all time
These big ideas were supposed to revolutionize technology, but they never actually appeared. In a few cases, you'll be glad they didn't.
Opinion: Malware vs. anti-malware, 20 years into the fray
Nearly 20 years after the first Internet worm, Steven J. Vaughan-Nichols takes stock of the malware/anti-malware landscape and spotlights how the two sides are approaching the battle.
Leopard at six months: Does it live up to the early hype?
Though some thought it was released too soon, Mac OS X 10.5 has matured into a solid operating system, says reviewer Michael DeAgonia.

FROM THE BLOGOSPHERE

Windows Vista A to Z
Reviews, analyses, how-tos, visual tours, hot issues and predictions about Microsoft's new OS.
IT Careers 2010
Four years from now, the IT field will be a vastly different place. Will you be ready?
All Zones
Application Performance Zone
Enterprise-Class Security Zone
Enterprise Solutions Zone
The File Data Management Zone
Grid Computing on Windows Zone
Security Management Zone
ITIL Best Practices Zone
The SAS Zone
Storage Virtualization Zone
The Data Center Management Zone


Ads by TechWords

See your link here
Critical Considerations for Data De-duplication
Critical Considerations for Data De-duplication
Register for this live webcast, airing May 22nd at 2pm ET!
Go to the webcast 
Solving Real World Storage Problems
Download this whitepaper now.
As your storage needs grow, the cost of managing it need not spiral out of control. Our vision - Universal Distributed Storage - is about:
  • mainstreaming high endstorage functionality
  • solutions built on industrystandard hardware
  • a broad partner ecosystem
Our next generation of Server and NAS products - Windows Server 2003 R2 and Windows Storage Server 2003 R2 - will help you further reduce your storage costs.
Download this executive briefing download
Certify your Software Integrity with thawte Code Signing Certificates
Get this white paper now!
(Source: Thawte) This guide will show you how Code Signing Certificates are used to secure code that can be downloaded from the Internet. You will also learn how these certificates operate with different software platforms.
Download this white paper go
White Papers
Read up on the latest ideas and technologies from companies that sell hardware, software and services.
Securing Financial Services Beyond the Perimeter
Intercept Spam & Viruses With MessageLabs
Meeting PCI Compliance with SonicWALL Global Management System
View more whitepapers 
Virtualized iSCSI SANs: Flexible, Scalable, Enterprise Storage for Virtual Infrastructures
Enterprises of all sizes are building flexible storage infrastructures using iSCSI and advanced virtualization technologies. This joint VMware and Dell EqualLogic Virtualized iSCSI SAN white paper describes a virtualized infrastructure that applies storage and server virtualization technologies to cost-effectively achieve a flexible, high-performance, dynamic IT infrastructure that is simple to manage and scale.

Download this white paper 
Case Study: Simplified DR Planning and Implementation
LifeLink Foundation needed to provide business continuity and DR of critical transplant related information to multiple locations and needed to manage DR planning and implementation in a hurricane zone. Learn how VMware & Dell's EqualLogic iSCSI SANs worked together to implement two remote sites providing consolidated virtual storage, snapshot-based backup and recovery.

Download this case study  
Webcast: Disaster Recovery Simplified – iSCSI and VMware Site Recovery Manager Deliver Results
Quick recovery of operations after a site failure requires major planning and testing, dependent on an infrastructure and recovery plan that can be simply and affordably deployed. Download this Webcast presented by Dell and VMware to learn how new levels of integration between Dell's EqualLogic iSCSI storage area networks (SANs) and server virtualization can help solve these critical issues.

View this webcast 
Webcast: Data Protection and Disaster Recovery with iSCSI and VMware
Data protection and disaster recovery are top of mind for any IT manager, and the challenges of complexity and cost remain as obstacles. Dell EqualLogic virtualized iSCSI SANs and VMware Infrastructure 3 enhance the scalability, ease of use, and reliable operation of IT infrastructures to withstand failures and overcome disasters

View this webcast