Morningstar has launched a real-time, web-based market information and insights platform to provide advisors, traders and market analysts with the customized information they need to make financial decisions for investors.
The Morningstar Market Monitoring platform is available to license through the Morningstar Advisor Workstation, as a separate platform, select API components or as data feeds, according to the Morningstar announcement. Elements of the platform will become available to Morningstar Direct users over the next year.
“Financial advisory firms are seeing an increasing need to be able to evaluate moments in time such as mergers and acquisitions, stock splits, security trades, and governmental and regulatory updates alongside research and valuation data to tell the whole story,” said Scott Burns, head of retail investing products and solutions for Morningstar, in a statement.
“By empowering financial advisors to have real-time information and Morningstar research and data at their disposal and integrated directly into their own workflows, their end investors can have the transparency and understanding of how market events might impact their portfolio and investment interests over a short- and long- time horizon,” Burns added.