GlobalNetFinancial is to provide financial news and content as well as access to share trading through BTopenworld, the UK telecomm operator's mass market broadband portal and high speed ADSL Internet service.
Under terms of the agreement, GlobalNetFinancial will provide money and finance information from its UK investment site www.UK-iNvest.com. With download capability between 10 and 20 times the speed of a conventional modem, share price data and performance graphs should download to BTopenworld faster than narrowband services.
Daily market reports by UK-iNvest's City team, 'chart breakers' and 'stocks on the move' cover all London-listed prices in major and smaller companies.
BTopenworld subscribers will also be given a stocktrading link to GlobalNetFinancial's recently launched online brokerage, www.StockAcademy.com.
The BTopenworld deal is a continuation of GlobalNetFinancial's strategy to drive traffic from its financial content sources to a diversified group of proprietary online execution platforms. The company recently entered into a separate agreement with BT Europe to deliver financial news and e-finance services via WAP to BT's network of more than 16 million mobile phone users.
Commenting on the agreement, Stanley Hollander, Chairman and CEO of GlobalNetFinancial, states: "The move into interactive broadband with BTopenworld is an important step in expanding our business model from the Internet to other distribution platforms including broadband, television and mobile phone access."