TICK BY TICK TWENTY FOUR BY SEVEN

Market Data requirements are rapidly expanding as clients integrate more sophisticated analytical and trading applications into their environments so driving the need for ever more accurate and timely exchange and contributed market data.

MorningStar's ethos is to provide a consolidated feed of exchange and contributed data that, while normalised and delivered through a single 'pipe' for ease of integration, represents as closely as possible the original source data with no netting or judgemental cleansing.

Timeliness and reliability are our overriding priorities. MorningStar's proprietary ticker plant processes data direct from the originating sources and has been specifically developed to provide the absolute minimum level of interference and latency.

All of MorningStar's products and service benefit from our central technology, designed to service those users who require fast, accurate and reliable market data.

OVERVIEW

Headquartered in London, with pan-European and North American operations, MorningStar is an independent provider of global financial market data and technology solutions to a customer base spanning 60 countries and developed over 15 years.

OWNERSHIP

The MorningStar group is wholly owned by a private equity fund. The fund, which has been an investor in MorningStar since 1996, is a member of a group of funds that hold a broad portfolio of investments. Its range of investments in the financial market data and technology sector, include interests in Hemscott plc, the UK listed provider of financial and business information (TIC: HEMe), AK Jenson, Heale Financial, the Channel Islands Stock Exchange and Phoenix Administration.

GROUP COMPANIES

MorningStar Holdings Ltd. (UK)
MorningStar Systems Ltd. (London)
MorningStar Financial Information’s GMBH (Frankfurt)
MorningStar Benelux BV (Amsterdam)
MorningStar Schweiz (Zurich)
MorningStar Financial Information’s Inc. (New York)

OPERATIONS

MorningStar services its Customer base from 5 locations spread across Europe and America with Central Administration and Finance based in its London Head Office.

The primary Technology and development facility is in Frankfurt, where MorningStar has built up a proprietary Ticker plant, which processes data directly from over 100 sources including Exchanges, OTC data contributors, News, research and fundamental data providers.

Products and services are delivered via MorningStar's Global network, structured through Tier 1 communications companies such as COLT, Deutsche Telecom and BT International which encompasses Leased Line, Digital Satellite and a full range of Internet delivered technologies such as VPN.