Euronext Partners With Morningstar to Expand Data Capabilities For Issuers

Euronext has continued augmenting its investor capabilities, this time with the ability to tap into Morningstar's database.

Euronext, the largest exchange in the Eurozone, has embarked on a new agreement with Morningstar, a provider of independent investment research, according to a Euronext statement.

The new agreement between Euronext and Morningstar (MorningstarPro.fr) will give all listed companies on Euronext and Alternext market in Paris access to Morningstar’s portal. The platform itself offers a number of advantages, notwithstanding the ability to undergo streamlined multilateral communication directly with professional investors. The program was initially launched in France as part of a pilot program, which will eventually be targeted for the entirety of Euronext’s market scope.

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In addition, under the terms of the new agreement, all companies listed on either Euronext and Alternext in Paris qualify for 1.5 years of free access on the portal and can use the platform to foster direct links with the professional investor community.

Qualified issuers will also be able to update their profiles and utilize the portal’s functionality for such measures as company information, financial presentations, press releases, upcoming events, videos, etc.

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According to Jean-François Bay, CEO of Morningstar France, in a recent statement on the agreement, “Morningstar is pleased to work further with Euronext. This agreement with Euronext demonstrates Morningstar’s position as an independent research company, with the objective of helping investors. We are pleased to use our innovative tools that bring together our databases, tools and research, to connect professionals directly with each other.”

“This new agreement with Morningstar is another example of Euronext’s goal of linking issuers and investors. We want to offer new solutions that meet issuers’ quest for greater visibility. Information is a key means of tightening and invigorating the links between listed companies and investors. This initiative, like the many roadshows we’ve organized, such as our pan-European investment days in New York and Boston, is an integral part of our strategy of working closely with companies listed on Euronext markets,” added Marc Lefèvre, Head of Listing at Euronext, in an accompanying statement.

MorningstarPro.fr is Morningstar’s flagship portal for a wide range of finance professionals, including professional investors, consultants, academics, brokers, banks, and asset managers.

Earlier this month, Euronext reiterated its dominance in the European exchange field, having reported its trading volumes for the month ending June 2015. The exchange orchestrated a substantial YoY growth from last June, led by a standout performance in ETFs.

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