Instinet Incorporated, a global leader in electronic trading and agency-only brokerage services, today announced that its Meet the Street LLC subsidiary* has entered into an exclusive agreement with MZ Group, the world's largest independent investor relations consulting firm, whereby MZ will leverage the Meet the Street online corporate access platform when arranging non-deal roadshows in North America for its Brazilian and Taiwanese client base.
Unlike the traditional model, where sell-side firms manually coordinate investor meetings for corporate management teams, Meet the Street directly connects CEOs and CFOs with portfolio managers and buyside analysts. The web-based platform allows public companies to schedule non-deal roadshows only with targeted investors who have previously expressed interest in meeting. Launched in 2010, Meet the Street has thousands of investors and hundreds of public companies—ranging from microcaps to Fortune 50 firms—in its network.
"Investors are increasingly looking to fast growing emerging markets like Brazil and Taiwan for alpha," said Dan Dykens, President of Meet the Street. "We're pleased that our institutional participants will now be able to leverage MZ's vast client network to connect with corporate management teams from these two key markets."
"This agreement will reinforce our innovative and full-service positioning. MZ Group is a company that believes in and strongly encourages innovation and technology. We are very optimistic about this partnership," said Tereza Kaneta, CEO of MZ IR, an MZ Group company.
She continued: "Meet the Street's intuitive web-based model has been enthusiastically embraced by our clients that have seen it. The platform's ability to remove the inherent conflicts from the traditional corporate access model has been particularly well received by our Brazilian and Taiwanese clients, who typically generate substantial institutional interest when they do a non-deal roadshow in North America."
* Meet the Street is not a broker dealer or investment advisor.