LONDON/CHICAGO, Nov. 4, 2009 – Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today announced that the company has integrated Morningstar® Equity Research into the Morningstar Quotes™ Real-Time Data Feeds. This is the latest content set added to the Morningstar Quotes feed, complementing the existing real-time and fundamental data sets.

 Morningstar provides thorough and objective research, commentary, and ratings for more than 1,800 companies globally. These concise, easy-to-read analyst reports quickly get to the bottom of how a company compares to its competitors, the investment merits of the stock, and whether the stock is overvalued or undervalued.

 “Morningstar equity analysts contribute new research reports and ratings daily, providing our clients with instant access to valuable and independent research,“ said Gordon Bloor, CEO of the Morningstar real-time data business.

 Morningstar Equity Research reports contain in-depth commentary including an investment thesis, analyst notes addressing material news, “bulls” and “bears” perspectives, and valuation, risk, financial, and company overview discussions, in addition to historical financial data, insider ownership, fund ownership, and more. The reports also contain analyst-driven ratings including the Morningstar Rating™ for stocks and the Morningstar Economic Moat™ Rating, which is an assessment of a company’s durable competitive advantages. A sample report is available at http://select.morningstar.com/welcome 

 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 more than 325,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time pricing data on more than 4 million global equities, commodities, derivatives, indexes, and foreign currencies. The company has operations in 20 countries and minority ownership positions in companies based in two other countries.

 Morningstar acquired Tenfore Systems Limited, a global provider of real-time market data and financial data workstations based in the United Kingdom, in December 2008. Rebranded as Morningstar Real-Time Data, the company collects data on global equities, commodities, derivatives, indexes, and foreign currencies from more than 160 sources. Morningstar Real-Time Data also offers front-end software terminals that leverage the company’s market data, along with analytics and third-party application plug-ins.

Media Contacts:

In the UK: Helen Traverso, +44 (0) 203 194 1308 or helen.traverso@morningstar.com

In the U.S.: Nadine Youssef, +1 312-696-6601 or nadine.youssef@morningstar.com

________________________________
Helen Traverso
Marketing Manager
Morningstar

Real-Time Data Business

Morningstar. Illuminating investing for 25 years.

+44 (0) 20 3194 1308  voice
+44 (0) 7500 027 069 mobile
+44 (0) 20 3194 1331 fax

helen.traverso@morningstar.com

www.morningstar.com