CHICAGO, Oct. 5, 2009 —Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today launched Morningstar QuoteSpeed 2.0, a new Web-based application that provides instant, real-time market data on up to 4 million investments from more than 160 sources, including all major global equity exchanges and indexes; foreign exchange and treasury markets; futures, derivatives, options, commodities, and precious metals.
QuoteSpeed is an affordable, low-cost solution that is available as a stand-alone application as well as a module through a variety of Morningstar platforms, including Morningstar Direct, a Web-based institutional research platform; Morningstar Advisor Workstation, a Web-based software platform for financial advisors that integrates client and portfolio data with other desktop systems; and Site Builder, a suite of Web components that can be configured to help investment companies create or enhance their Web properties. In addition, a limited version of QuoteSpeed is available to Morningstar.com Premium subscribers.
“Morningstar has built a reputation for creating user-friendly interfaces and for providing transparent, complete investment data and information,” said Brian Delegan, senior product manager at Morningstar. “We believe that QuoteSpeed 2.0 continues this tradition by raising the bar for market data system design. QuoteSpeed will also help our clients to lower their support, hardware, and software costs, eventually allowing them to replace their older thick-client terminals with a browser-based, thin-client application with all of the same capabilities but none of the system overhead.”
The intuitive and easy-to-use interface allows users to monitor a list or portfolio of securities via the “Watchlist” feature—a live-quote window that includes complete, real-time quote and fundamental data. Securities from a watch list can easily be dropped onto charts, news, and other windows within the application, enabling flexible monitoring, comparisons and research. QuoteSpeed charts feature intra-day and historical price and volume with candlesticks, OHLC bars, moving averages, Bollinger Bands to monitor volatility, and more. Streaming news from Morningstar and other providers is available in a news reader window.
Real-time alerts based on conditions set by the user are available as a pop-up in the application, a column in the watch list, or via e-mail. Across the application, QuoteSpeed’s auto-complete search functionality allows for fast and logical filtering of securities. The pure Web-based interface has desktop-like features including overlapping and customizable windows, multiple workspaces, right-click menus and drag-and-drop interactions.
For more information about QuoteSpeed, please visit: http://global.morningstar.com/QuoteSpeedWeb.
With the acquisition of Tenfore Systems in 2008 (now called Morningstar Real-Time Data), Morningstar now serves more than 500 real-time data clients around the world, including brokerages, banks, trading firms, buy-side institutions, and other firms.
About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of Internet, software, and print-based products and services for individuals, financial advisors, and institutions. Morningstar provides data on nearly 325,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 4 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. The company has operations in 19 countries and minority ownership positions in companies based in three other countries.
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