Financial Portal

A website that provides a variety of financial data and information, acting as an information hub for clients who are individual investors requiring timely financial news and data to make their investment decisions.

Financial portals are intended to give clients all the finance-related information they need. Often, the portals themselves will provide visitors with quotes, research, articles, analyst recommendations, etc. Financial portals may also provide links to various relevant sites that offer this kind of information. In addition, many financial portals provide email accounts, chat rooms and web forums

Seven Leading Investment Banks To Build Global Financial Portal

Tuesday, September 12, 2000

"TheMarkets.com" to be a single-source destination for access to institutional equity research, new issue information, news, and market data

New York, September 12, 2000 - In a move to establish a new platform to communicate proprietary equity information, seven of the world's largest investment banks - The Goldman Sachs Group, Inc. (NYSE: GS), Merrill Lynch (NYSE: MER), Morgan Stanley Dean Witter (NYSE: MWD), Salomon Smith Barney (NYSE: C), Credit Suisse First Boston (SWX:CSGN.SW), Deutsche Banc Alex. Brown, and UBS Warburg (NYSE: UBS) - today announced an agreement to create "TheMarkets.com," an information-rich portal for institutional investors that offers commingled equity research, new issue information, news, and market data, as well as easy direct-access to the proprietary web-sites of the participants.

Scheduled to launch in the fourth quarter of 2000, TheMarkets.com will use state-of-the-art technology expertise from within the members' organizations and from third parties. Multex.com, Inc. (NASDAQ: MLTX) was selected to be the Application Service Provider (ASP) for the site, providing the technological infrastructure and web hosting services. Relationships may be established with other leading technology firms to provide institutional investors with the best and most convenient informational portal.

TheMarkets.com will provide institutional investors with real-time commingled equity research, news, and market data at a single site, eliminating the need to visit several disparate sites. TheMarkets.com will also provide a calendar of equity new issue information. One password will provide investors seamless access to a respective firm's web-site where detailed information will be available. Comprehensive personalization tools will permit portfolio managers, analysts, and other clients to organize, prioritize, and filter the vast amount of information that comes their way daily.

TheMarkets.com will enhance the client experience in a variety of ways. Summary views of proprietary content will be provided on a company-by-company basis, including recommendations, price targets, actual and forecasted earnings estimates, and other key valuation metrics. Market news and data will be linked to other services, so that TheMarkets.com provides trading and news histories when research has been published. Proprietary research will be augmented with multimedia presentations to enhance content.

"The firms developed TheMarkets.com to meet our institutional clients' needs and desires for easy access to key research and market information on a real-time basis. TheMarkets.com's robust web-based system and content will help facilitate the investment decision process for our institutional clients," said Steven Mnuchin, Global Head of E-Commerce and Co-Head of Technology Operating Committee, Goldman Sachs.

"With TheMarkets.com we move beyond traditional delivery options and harness Internet technology to help our clients work more productively. Aggregating the firms' global resources in a single flexible and convenient portal will enable them to act more quickly and efficiently," said Thomas Joyce, Co-Head of Global Electronic Equity Trading at Merrill Lynch.

"This information portal will take advantage of the new and emerging deep personalization tools that will allow us to deliver tailored information about markets, companies, and deals, filtered the way they want to see it. The intent is to eliminate the information overload and provide the clarion view," added Don Callahan, Managing Director - Equity.com, Morgan Stanley Dean Witter.

"We expect TheMarkets.com to dramatically change the institutional marketplace, becoming the premier source of information for leading investment institutions globally," concluded William R. Harts, Managing Director, Global Equity eCommerce Group, Salomon Smith Barney.
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