The Financial Times Group and MarketWatch.com are to launch a real time financial and market news internet service aimed at Europe's rapidly growing communities of private investors.
The site will be launched in the first half of this year and be modelled on CBS.MarketWatch.com, the popular US financial news site.
They will aim to focus on the specific needs of the private investor and attempt to complement other Financial Times websites such as the ft.com business portal and FTYourMoney.
Stephen Hill, chief executive of the FT Group, said, "the site aims to be Europe's leading personal investment site just as CBS.MarketWatch leads the way in America. It furthers our goal of providing the very best online coverage of European companies, markets and economies from every angle and to suit every taste. It will strengthen the FT Group's position as Europe's leading online presence in financial and business news, comment and analysis."
Under the terms of the agreement the FT group will advertise and market the site through its European network of business newspapers and websites. MarketWatch.com will supply the technology and infrastructure for the new site.
The site will have its own dedicated team of journalists, initially covering the London, Paris, Frankfurt and Amsterdam markets, but will have extensive links to related stories and content on ft.com and CBS.MarketWatch.com.