a new Multex?
A startup backed by Wall Street banks plans to create a digital marketplace for research and data products in a potentially ambitious foray into the financial technology and information businesses, people familiar with the matter said. The firm, called Symphony Communication Services Holdings LLC, is trying to solve a problem investors often complain about: too much information, some of which is irrelevant, coming from too many places. Instead of research reports, news and data coming from different touch points - email, the web, or proprietary systems like those offered by Thomson Reuters Corp and Bloomberg LP - they would instead flow into one central hub. Rather than an investor needing to sift through a barrage of reports, databases, and news items, the hub would seek to zone in on information about specific securities, markets or subjects of interest to them.