Nasdaq to Provide Morningstar with Nasdaq Basic Real-Time Market Data on Global Scale

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.

Author: Yash Hirani

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