ELITE Connect

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Elite Connect (London Stock Exchange Group)
ELITE 250X97.png
Founded 2015
Headquarters London
Key People Luca Peyrano
Products Investor relations platform

ELITE Connect, part of the London Stock Exchange Group, is a technology platform that allows market participants to engage in investor relations activity, manage local and worldwide IR relationships and discover global business opportunities.[1] The site began undergoing beta testing in June 2015 and went live on November 23, 2015.[2]

"A LinkedIn for Corporate Access"

The platform offers participants a LinkedIn-style profile page, company and investor search functions, an embedded calendar for scheduling meetings, and a digital ‘meeting room’, with video conference technology, document sharing and note taking facilities.

During the testing phase, the site had registered 125 listed companies and institutional investors, amounting to 230 users that held 600 meetings.[3]

Regulatory and Budgetary Clampdown

New and newly-proposed rules in the European Union are changing the relationship between brokers and institutional investors, specifically regarding the use of dealing commissions to pay for such things as research and corporate access. The U.K. Financial Conduct Authority in 2014 cracked down on the use of client money by fund managers to reward brokers for arranging meetings with senior executives, a practice it estimated was costing investors £500m a year.[4]

Furthermore, LSEG sees these regulatory changes as an opportunity to bridge the gap between the buy-side and sell-side. The exchange group's status as a central portal for listed companies, gives it an advantage in creating a social network such as ELITE Connect. According to Luca Peyrano, managing director of the platform, "approximately 90 percent of listed companies travel the world to meet asset management firms and spend up to one month a year meeting face-to-face."

Key People

References

  1. LSE Elite Connect investor relations platform goes live. Finextra.
  2. [hhttp://www.finextra.com/news/fullstory.aspx?newsitemid=27505 London Stock Exchange test-drives social network for public companies]. Finextra.
  3. London Stock Exchange launches 'LinkedIn for corporate access'. Financial News.
  4. Brokers’ dealing commissions still unbroken. Financial Times.