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Norkon enters into partnership with Morningstar

Norkon enters into partnership with Morningstar
Christoffer Birch-Jensen
September 09, 2020

As a key step in Norkon’s continued growth and scaling up of our services, we are excited to announce that we have entered into a partnership with Morningstar; a leading financial research, software, and market data firm. The partnership allows Norkon to leverage Morningstar’s data products for use in Norkon’s Pulse solution, significantly increasing the solution’s capabilities and benefits to Pulse’s customers.

Market-leading data services for customers

By partnering with Morningstar, Norkon will be able to offer customers an unprecedented range of financial data through our solutions;  ranging from real-time streaming price data, profile and reference data, and ratings across multiple asset classes including equities, currencies, indices, funds, ETPs, etc.

Customers will benefit from shorter implementations of Norkon’s solutions, more flexibility in the selection of market data both during implementation and once a solution is live, and lower implementation costs.

Additionally, improved robustness and faster turnaround on inquiries and support will ensure that Pulse can become an even more central part of customers’ digital products and market data landscape.

Increased technical capabilities and boost to sales for Norkon

The partnership will also significantly strengthen Norkon’s technical and sales capabilities. Moving to a single market data provider will allow us to maintain more predictable and robust integrations and a single-point-of-contact for technical maintenance and support.

Norkon’s sales will benefit from a transparent catalog of data products and cost overview which will help Norkon and customers more efficiently discuss market data needs, cost, and timelines. Additional support from Morningstar’s pre-sales organization will aid market data discussions with customers so that they can be carried out faster and with easier estimation of data packages and costs.

Alternative and unique data

Morningstar’s unique data and research services mean that customers will be able to access more than just traditional market data such as streaming prices and financial statements. A leader in ESGIndex, and Fund data, Pulse customers will in the future be able to provide readers and end-users with alternative data and information. These can offer an edge to investors by better understand markets gaining access to deeper insights.

About Norkon

Norkon is a fintech company specializing in streaming data, big data visualization, and financial data portals for the media and financial sector.

The core technology has been developed and refined since the company’s inception in 2014 and is today used by Europe’s largest media groups delivering solutions that help them engage their users in new ways and generate new sources of revenue.

The TelegraphDagbladet Børsen, and Dagens Næringsliv all use Pulse to communicate business and financial news with their readers.

Our financial solutions are used by leading Nordic companies in fixed income services and green and renewable energy brokerage and data where they help their customers better analyze and engage with large datasets.

About Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The Company offers an extensive line of products and services for individual investors, financial advisors, asset managers, retirement plan providers and sponsors, and institutional investors in the debt and private capital markets.

Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, debt securities, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with approximately $205 billion in assets under advisement and management as of June 30, 2020.

The Company had operations in 27 countries as of June 30, 2020. For more information, visit http://www.morningstar.com/company.

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