Bats Global Markets (Bats), one of the largest global operators of exchanges and services for the financial markets, has teamed up with Morningstar, Inc., which will be integrating Bats’ One Summary market data feed, per a recent company statement.
Morningstar is a provider of independent investment research and it has inked a new agreement with Bats to help bolster its data feed capabilities. Bats’ One Summary Feed was originally launched back in early 2015 and features a selection of quotes and trade information that details four Bats US stock exchanges.
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The new data augmentation also caters to professional investors. It will be deployed on Morningstar’s platform to its global customers this month. The partnership is also important as it will greatly extend data functionality for customers and investors, many of which can now garner advantages from Bats’ wide market scope.
According to Kevin Carrai, Vice President, Market Data and Access Services, Bats, in a statement on the data extension: “This agreement extends our valued relationship with Morningstar and provides professional investors with access to high-quality information from the very liquid Bats U.S. equity exchanges. We look forward to building on this relationship in our continued effort to serve investors.”
“As part of Morningstar’s continuous efforts to expand the data and content made available to investors, we are pleased to add the Bats One feed to Morningstar’s extensive list of exchange data. Adding the Bats One feed supplements other content we carry from Bats and helps us meet the evolving data needs of investors globally,” explained Scott Mackenzie, Morningstar’s Head of Data and Research Products, in an accompanying statement.