Magazine article American Banker

Praise for Investment Banks' Joint Research Site

Magazine article American Banker

Praise for Investment Banks' Joint Research Site

Article excerpt

An equity analysis Web site offered by nine investment banks has drawn some praise from institutional investors, who say it obviates the need to go to multiple sites.

TheMarkets.com is being offered free to any institutional investor with a relationship with at least two of the firms. For the investment banks, the service is a way to keep customers coming back to their own research and analysis rather than straying elsewhere.

Steve Ralff, an equity research analyst at ING Pilgrim in New York, a global asset management firm owned by Amsterdam-based ING Group, said the site has worked better than he expected. After experiencing frequent technical glitches at the various investment banks' individual Web sites, he said, he was skeptical that the information he needed could be consolidated in a user-friendly site. But "from the first time I tried it, it's been a smooth process."

TheMarkets.com saves him a great deal of time that he used to spend surfing from site to site, Mr. Ralff said. It is the first place he goes for information each morning. "You've got all the head firms right there," he said.

The site is owned by Credit Suisse First Boston Corp., Deutsche Bank, Goldman Sachs Group Inc., Merrill Lynch & Co. Inc., Morgan Stanley Dean Witter & Co., Citigroup's Salomon Smith Barney Inc., J.P. Morgan Chase & Co., Lehman Brothers Holdings Inc., and UBS Warburg.

The Web site was introduced in December to a limited number of clients, and has only recently been made available more broadly. …

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