Thomson Financial Abandons Institutional Workstation Business Unit, Sales Force


Thomson Financial Services Inc. has shut down its Institutional Workstation business unit, six months after it announced the creation of a national consultative sales force to market the product. The vendor is now trying to figure out what to do with the workstation software, which was designed to provide a single point of access to disparate buy-side services.

The move to disband the unit had been in progress for some time, says a Thomson source, with the final step coming one month ago

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