Data Monitoring Software provides real-time access to data.
Press Release Summary:
Designed to reside alongside client's MIM server, LIM Evolution Platform allows real-time access to data feeds from sources such as electricity system operators, price-providing services, major commodity brokers, and weather vendors. Program can connect to any type of client database and delivers and stores data in relational and time-series formats. It offers historical database that dates back 100 yr for financial sector and data feeds from all energy Independent System Operators.
Original Press Release:
LIM Launches LIM Evolution Platform to Provide Real-Time Access to Data
CHICAGO - LIM, a wholly owned subsidiary of Morningstar, Inc. (NASDAQ:MORN), today launched LIM Evolution, a new data warehouse that allows clients real-time access to data feeds from vendors, exchanges, and proprietary sources.
Designed to reside alongside a client's existing Market Information Machine (MIM) server, which provides comprehensive energy and financial historical data, LIM Evolution pulls data directly from originating sources with near real-time delivery. Clients can select which feeds they want to receive in real time from nearly 400 vendors.
LIM offers an extensive historical database, with the oldest data dating back 100 years for the financial sector, in addition to data feeds from all energy Independent System Operators (ISOs). All of the data delivered to a client will continue to go through LIM's extensive quality assurance processes, and will be sent separately to a client's MIM server, to identify any potential data issues.
"We've spent several months designing this new data warehouse," said Kishore Gangwani, president of LIM. "LIM Evolution sets the new industry standard for combining real-time data delivery with data that has undergone rigorous quality checks. Our clients can benefit from this offering that delivers both streams of data."
Other benefits of the new LIM Evolution platform include:
- Improved ability to deliver and store data in both relational and time-series formats, instead of only a time-series format with the stand-alone MIM server;
- Capability to connect to any type of client database, such as Oracle, MySQL, or LIM's patented time-series database, allowing for flexible data storage;
- Continued access to LIM's high standards for data accuracy and completeness, with rigorous quality assurance tests; and
- Use of LIM's Data Monitoring tool to provide details such as load status and download times of a client's real-time feeds on-site, or remotely by LIM's operations team.
LIM aggregates data from all the major exchanges, the electricity system operators (ISOs), price-providing services, major commodity brokers, weather vendors, and other key data sources. In addition to gathering, processing, standardizing, inspecting, and distributing more than 20 million data points every week, LIM provides data management tools to store and quickly serve up the data. In addition, clients have access to research tools for analyzing the markets, back-testing strategies, and charting models.
Morningstar acquired Chicago-based LIM, which provides data, analytics, and research primarily in the energy, commodity, and financial sectors, in December 2009.
About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of Internet, software, and print-based products and services for individuals, financial advisors, and institutions. Morningstar provides data on approximately 350,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 4 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. The company has operations in 20 countries and minority ownership positions in companies based in two other countries.
©2010 Morningstar Inc. All rights reserved.
Media Contact:
Nadine Youssef, 312-696-6601 or nadine.youssef@morningstar.com
Source: Morningstar, Inc.
Web Site: http://www.morningstar.com/
