This week we take a look at the different information providers for the Mexican and global stock markets and take you through the pros and cons of each provider. We have looked at a range of providers; from the expensive comprehensive tools for institutional investors such as Bloomberg, to the free services targeted at individual investors, to providers focusing on the Mexican market and the disruptors hoping to take market share from the more established and costly alternatives. Please see the table below. We believe it is essential for information on your Mexican company to be on the institutional investor terminals (Bloomberg, Refinitiv, Infosel…), and nice to have (but not essential) on the retail platforms (Yahoo Finance, Google Finance etc.). For the most part, the institutional platforms have their own content and journalists – and also aggregate from other sources. Retail platforms largely only aggregate from other sources, including from the institutional platforms that resell their content (ie, Refinitiv). That said, we are seeing some converge (Seekingalpha.com which is largely retail is growing its own content as it seeks to attract professional investors). Also, retail stockbrokers are increasingly offering aggregation of information similar to that offered by the retail websites. (The zero-commission broker Etoro has good information on the Mexican market.) As always please contact us if want more information on how to access these platforms.
| Pros | Cons | |
|---|---|---|
| Bloomberg Link | 325,000 users. 33.4% market share. Comprehensive offering, including news by video. | $24,000/yr/terminal. $20,000/yr/terminal if 2 or more are purchased. |
| Refinitiv Link | 190,000 users. 23.1% market share. Comprehensive offering. | $22,000/yr, but can get a light version for just $3,600/yr. |
| Infosel Link | The best in Mexico. Over 30 years of experience. Over 3,000 terminals in national and international markets. Less than $500/mth. Range of product offerings. Great financial data on Mexico companies. New “Infosel Hub” coming in 4Q20 with direct link to the stock exchange for real-time data. | User interface being updated but current version is not the most modern. |
| S&P (Capital IQ & SNL) Link | 5.6% market share. SNL has been integrated into Capital IQ S&P. SNL – unparalleled financial and transaction data sets for specific sectors. Less expensive than Bloomberg and Refinitiv. | Pricing starts at $13,000/yr (min. 3 users), but can drop to $7,500 for larger groups. Pricing increase with additional features. SNL at an additional cost. |
| Dow Jones Link MarketWatch Link Factiva Link | Data, media, membership and intelligence solutions. Caters to the individual investor with portfolio building and tracking tools. Free and premium services. Powerful research platform. Numerous tools. Pricing between $249-399/mth. | |
| FactSet Link | 89,000 users. 4.2% market share. Less expensive than Bloomberg and Refinitiv. Good for earnings data. | $12,000/yr for the full product. |
| Morningstar Link | Detailed financial data on more than 621,000 stocks, mutual funds etc. Delivers market data on more than 15 million indexes, equities, options, and commodities. Produces manager research analyst reports. Morningstar Direct great for building model portfolios. Less expensive than Bloomberg and Refinitiv. (Free version available, premium for $199/yr). | Morningstar Direct: $17,500/yr for the first user, $11,000/yr for the second user, $9,500/yr for each additional user. |
| Koyfin Link | Currently free. Has become a trusted alternative to Bloomberg / Refinitiv / Morningstar etc. Appealing interface. | Likely to start charging soon. |
| Investing.com Link | Good for active trading – homepage shows futures contracts, commodity prices, ETFs and forex prices. Impartial and in-depth news. | Has adverts. |
| Seeking Alpha Link | Has own journalists and also aggregates. Basic access is free, Premium $19.99/mth, Pro $199.99/mth. | Less data focused. |
| Senteo Link | Relevant, self-published articles. | Only part of the business is dedicated to market information. Limited content. |
| CNN Markets Link | Free and premium content. Easy to browse market topics. Extensive content. | Doesn’t have data arm. |
| The Street Link | Free and premium versions. Commentary on current events, investment recommendations and opinion pieces. | Light on the data side. |
| Forbes Money Link | Wide coverage including finance, industry, innovation and leadership. Free. | Doesn’t have data arm. |
| Yahoo! Finance Link | Free and paid (since 2019) versions available. An estimated 70 million unique visitors each month. Robust data and content capabilities. Appealing and efficient display. Lots of content. Aggregator and creates own content. Adequate for individual investors. | Does not have strong stock-charting capabilities. Does not offer a wide range of real time capabilities. Has adverts. |
| Google Finance Link | Free. An estimated 40 million unique visitors each month. Relatively comprehensive real-time stock market quotes. Adequate for individual investors. | In general, not as strong as Yahoo! Finance. Has adverts. Aggregates, does not produce own content. |
| DealBook (New York Times) Link | Good for expert interpretation of the news and current events. | Doesn’t have data arm. |
| Motley Fool Link | Free news articles. Other individual investor services starting at $149/yr or $13,999/yr includes all services. | Lots of stock specific information rather than the broader market. |
| Kiplinger Link | Free and premium content. Personal finance. | Doesn’t have data arm. |
