eClass, the Class Editori company which supplies financial information and market data by satellite and via the internet, and Thomson Financial, an operating unit of The Thomson Corporation (NYSE: TOC; TSX: TOC), and leading provider of information and technology solutions to the worldwide financial community, today announced a strategic agreement to create the Mf/Thomson solution for the Italian financial community.
The workstation will offer the most comprehensive and tailored market data trading solution for Italian institutional and retail financial institutions.
The new Mf/Thomson solution combines:
- Italian-specific content and analytics from eClass with the full breadth and depth Thomson Financial's market leading global content sets, including IBES earning estimates, M&A and capital market deal data, Worldscope fundamentals and ownership data
- Both companies' network connections to ensure Mf/Thomson is fully compliant with the Italian markets
- Both companies' high standards of customer service and support.
The first installation of the Mf/Thomson solution is near completion at one of the largest banks in Italy. The solution was chosen due to the service's completeness and ease of use, offered at an overall lower total cost of ownership.
Richard Garnier, Managing Director, Continental Europe, Thomson Financial commented: "We are pleased to have partnered eClass to create the Mf/Thomson workstation, which has been tailored to meet the unique workflow and content requirements of the Italian financial community. Initial reaction from market trials has been extremely positive, particularly concerning the advantages of combining Thomson's market leading global content with eClass' local knowledge of the Italian financial community".
Paolo Panerai, editor in chief of Class Editori added: "We selected Thomson Financial as our partner to service the Italian financial community because of its commitment to creating tailored workflow solutions supported by its global market leading content. This complements the unique understanding of the needs of the Italian financial community that our Mf/Milano Finanza solution suite has attained from its long expertise of dedicated service to this market."
The Mf/Thomson workstation solution complements the eClass branded Mf/Milano Finanza solutions which are targeted at the off-trading floor community, served b by Mf Sat and Mf web and aimed at the principal banks, brokerage firms and private operators.