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Assenagon selects Morningstar for European and US equity data

15 February 2011  |  2499 views  |  0 Source: Morningstar

Morningstar, a leading provider of independent investment research, today announced that Assenagon, an independent provider of asset management products, risk management, and fund platform services, has selected Morningstar to supply European and U.S. equity, derivative, and options data for its risk management system.

Morningstar's Real-Time Data business will supply Assenagon with data from a number of exchanges including Xetra, Eurex, London Stock Exchange, Euronext, NASDAQ, and NYSE.

Using the Morningstar Real-Time Data Interactive API (Application Programming Interface), Assenagon integrated the data with its Sophis application. Morningstar data within the Sophis application is used to calculate valuations and price new products for Assenagon's customers. The Morningstar Real-Time Data Interactive API allows applications to request and receive pricing data for a pre-selected number of symbols and fields. Assenagon obtains the data up to six times a day through the Morningstar Real-Time Data Snapshot service, which is available in a variety of delivery formats that can be accessed as often as every five minutes, or by the hour, day, week, or month.

Vassilios Pappas, managing director at Assenagon said, "We selected Morningstar as our preferred market data supplier because they were able to offer us flexible delivery and pricing. We are able to request the symbols and instruments in time frames that match our current business requirements and also have the ability to change our symbol requirements instantaneously to suit our ever-developing business models, whilst at the same time only paying for the data that we require."

"Morningstar Real-Time Data is delighted to be working with Assenagon. We're committed to providing flexible, easy-to-use solutions that suit all client types and help ensure that our customers are able to access the entire breadth of the Morningstar offering simply and efficiently," said Gordon Bloor, CEO of Morningstar Real-Time Data.

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