LONDON, 12 February 2013—Morningstar UK, a subsidiary of independent investment research firm Morningstar, Inc. (NASDAQ: MORN), has announced a hosted web solution and equity data agreement with Proquote, a real-time market data and trading services provider that is part of London Stock Exchange Group.
Under the terms of the agreement, Morningstar now provides Proquote with a fully hosted web-based solution that gives users access to company reports for all London Stock Exchange quoted companies. The reports provide detailed fundamental, financial, and other key information including company overviews, key financials, dividends, broker sentiments and forecasts. The reports are available to users of the Proquote market data terminal.
“We are delighted to strengthen our relationship with Morningstar”, said David Tibbetts, Head of Proquote. “This agreement reinforces Proquote’s position as a leading market data platform and demonstrates our commitment to enhancing our product offering. The web-based company reports will improve our users’ experience by providing greater access to key market data.”
“Our on-going relationship with Proquote is a reflection of the trust that investors put in our investment information”, said Geoff Balzano, chief executive officer of Morningstar UK. “Data quality is at the heart of what we do, and we are pleased to have this opportunity to further support Proquote and the investors they serve, by leveraging our extensive database of listed company information.”
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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 products and services for individuals, financial advisors, and institutions. Morningstar provides data on approximately 385,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 8 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its registered investment advisor subsidiaries and has more than $195 billion in assets under advisement and management as of Sept. 30, 2012. The company has operations in 27 countries.
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