Cboe Becomes Morningstar’s Preferred Index Distributor

Cboe Becomes Morningstar’s Preferred Index Distributor
  • Cboe to become the preferred third-party distributor of all Morningstar-branded indices
  • Agreement expected to help broaden access to Morningstar indices for investors globally
  • Cboe Global Indices Feed is publishing an initial 50 Morningstar-branded indices beginning July 1, with plans to offer the full index suite in the fourth quarter

Cboe Global Markets, Inc. (Cboe: CBOE), a leading provider of global market infrastructure and tradable products, announced it has entered into an agreement with Morningstar Indexes, a leading global index provider, to begin publishing real-time, intraday values for Morningstar-branded indices on its Cboe Global Indices Feed. With this agreement, Cboe will become the preferred third-party distributor of Morningstar’s full range of branded indices.

Morningstar offers more than 25,000 indices calculated across all major asset classes, styles and strategies for making asset allocation decisions, benchmarking investment performance and creating index-linked investable products. Under the new collaboration, Cboe Global Indices Feed will be designed to provide market participants globally with seamless and efficient access to all Morningstar indices through a secure global network, delivered both on-premise and through Cboe Global Cloud, a premier real-time cloud-based data streaming service. Cboe Global Indices Feed is also expected to help broaden distribution of Morningstar Indexes to new data customers around the world.

Cboe Global Indices Feed, previously known as Cboe Streaming Market Indices (CSMI), is a streaming data service that delivers more than 400 real-time index values to customers globally. Under the agreement, Cboe will distribute real-time values for an initial 50 Morningstar indices, including Morningstar’s range of well-known thematic, Economic Moat Focus and ESG indices, as well as the recently introduced Morningstar Broad Style Indexes. This initial dissemination will begin on July 1 via the MSTAR Channel, with additional indices being launched on the MSTARC Channel at a later date. Additional indices are planned to migrate to Cboe Global Indices Feed in a phased rollout over the coming months. With the completion of this migration, planned for the fourth quarter, Morningstar’s complete suite of branded indices will be available through Cboe Global Indices Feed.

“We are pleased to deepen our relationship with Morningstar Indexes through this agreement and provide the global investment community with enhanced access to the critical tools and solutions to help them gain transparency into the markets and drive informed investing decisions,” said Catherine Clay, Executive Vice President, Data and Access Solutions at Cboe Global Markets. “Cboe’s global and comprehensive data streaming service covers some of the world’s most innovative and widely followed financial benchmarks. We are excited to expand our offerings with the addition of all of Morningstar’s indices and look forward to helping extend the tremendous utility of these products to an even broader base of customers globally.”

Enhanced by Morningstar’s intellectual property (IP), Morningstar Indexes’ range of index solutions provide unmatched value and flexibility for navigating long-term opportunities across all major asset classes, styles and strategies. Morningstar’s IP-driven index solutions draw from Morningstar’s leading-edge research and ratings systems, including world-class intelligence from Morningstar Equity Research, Sustainalytics and PitchBook and, in the case of the Morningstar® Broad Style IndexesSM, alignment with the Morningstar Style BoxTM.

“We’re incredibly excited to expand on our collaboration with Cboe Global Markets to make our unique, world-class index approaches available to an even broader range of investors globally,” said Ron Bundy, president of Morningstar Indexes Group at Morningstar. “As one of the fastest growing global index providers, we are working hard to extend our capabilities to a much larger span of investors and clients. Our deepening alignment with Cboe Global Markets will help accelerate access to our industry-leading indexes to help further empower investors.”

Cboe Global Indices is a leader in the creation and dissemination of volatility and derivatives-based indices. Its offerings include index design, implementation, calculation, maintenance, administration and data distribution services for a suite of custom indices and benchmarks.

Access to Cboe Global Indices Feed is available directly from Cboe and through most large industry vendors. For more information on the new Morningstar index channels and plans for the migration of Morningstar’s indices to Cboe Global Indices Feed, please see Cboe’s Trade Desk notice.

Source: Cboe

Related articles

  1. Customers can make more informed trading decisions and generate new alpha.

  2. SEC Commissioner Jaime Lizárraga discussed the regulator's proposed ESG disclosures.

  3. State Street Global Advisors will manage active systematic fixed income strategies with Barclays QPS' data.

  4. Asset managers will have a single service for SFDR reporting.

  5. Risk management practices across the crypto ecosystem stress are being tested.