CHICAGO and NEW YORK, Sept. 18,
2018 /PRNewswire/ -- Morningstar, Inc. (NASDAQ: MORN),
a leading provider of independent investment research, and Nasdaq
(NASDAQ: NDAQ), a leading global provider of trading, clearing,
exchange technology, listing, information and public company
services, today announced an agreement under which Nasdaq will
provide the Nasdaq Basic real-time market data feed to Morningstar.
Nasdaq Basic is a leading exchange-provided alternative for
real-time data, U.S. equity quotes, and trade information across
all U.S. exchange-listed securities within the Nasdaq market
center. Morningstar officially began rolling the feed out to its
global customers in the second quarter of 2018.
"We are thrilled to be working alongside Nasdaq as we integrate
Nasdaq Basic data across our global market data feed solution,"
said Matt Spedden, Morningstar's
head of product management, data and research products. "At
Morningstar, we are committed to not only expanding our data
dictionary to meet the needs of the markets, but also to assist the
end user, or in most cases, the advisor, who is focused on a
holistic financial plan for their clients. This move will allow us
to expand the data and content available to investors, echoing our
belief in transparency and market access to help investors reach
their financial goals."
"Nasdaq began with the notion that our financial markets should
be transparent and easy to use for everyone," said Oliver Albers, senior vice president and head of
strategic partnerships for Nasdaq's Global Information Services.
"Nasdaq Basic has saved investors more than $243 million since its launch in 2009 and savings
are expected to reach $253 million by
the end of 2018. Expanding the reach of Nasdaq Basic through our
collaboration with Morningstar is a significant step towards making
important market information accessible to all. Their extensive
reach across geographies and focus on helping retail investors
understand the markets fits perfectly with our mission."
Nasdaq Basic is the leading exchange-provided
alternative for real-time Best Bid and Offer and Last Sale
information for all U.S. exchange-listed stocks based on trade
reports from the Nasdaq Market Center and the FINRA/Nasdaq Trade
Reporting Facility™ (TRF™). With Basic, firms and their users can
feel confident about choosing a Level 1 alternative that provides
it all — accuracy, liquidity, coverage, accessibility and
cost-savings. More information on Nasdaq Basic is available
here.
Morningstar's high-quality data and research provide independent
perspectives and support portfolio analytics worldwide. Through its
global market data feed solution, Morningstar offers broad market
coverage, proprietary equity statistics, and flexible delivery
options. More information is available here.
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 individual investors, financial advisors,
asset managers, retirement plan providers and sponsors, and
institutional investors in the private capital markets. Morningstar
provides data and research insights on a wide range of investment
offerings, including managed investment products, publicly listed
companies, private capital markets, and real-time global market
data. Morningstar also offers investment management services
through its investment advisory subsidiaries, with more than
$203 billion in assets under
advisement and management as of June 30,
2018. The company has operations in 27 countries.
About Nasdaq
Nasdaq (NASDAQ: NDAQ) is a leading
global provider of trading, clearing, exchange technology, listing,
information and public company services. Through its diverse
portfolio of solutions, Nasdaq enables customers to plan, optimize
and execute their business vision with confidence, using proven
technologies that provide transparency and insight for navigating
today's global capital markets. As the creator of the world's first
electronic stock market, its technology powers more than 100
marketplaces in 50 countries, and 1 in 10 of the world's securities
transactions. Nasdaq is home to approximately 4,000 total
listings with a market value of approximately $14 trillion. To learn more,
visit: http://business.nasdaq.com.
©2018 Morningstar, Inc. All rights reserved.
MORN-P
Morningstar Media Contact:
Sarah Wirth, +1 312 244-7358 or
sarah.wirth@morningstar.com
Nasdaq Media Contact:
Matthew Sheahan, +1 212 231-5945 or
matthew.sheahan@nasdaq.com
View original content to download
multimedia:http://www.prnewswire.com/news-releases/nasdaq-to-provide-morningstar-with-nasdaq-basic-real-time-market-data-on-global-scale-300714032.html
SOURCE Morningstar, Inc.