The ConnectIR enhancement comes as the investor relations (IR) community adapts to the critical market and regulatory changes, such as MiFID II, which are driving the need for more direct channels of communication between the IR and investment communities.
Nasdaq has announced the launch of a new solution designed to simplify capital markets stakeholder engagement for investor relations (IR) professionals using Nasdaq IR Insight, which is trusted by 3,000 public companies listed on all major exchanges.
ConnectIR allows IR professionals to seamlessly communicate and schedule meetings with the buy-side and sell-side directly from the platform, and supplement traditional corporate access activities.
Leveraging technology from WeConvene, one of the industry’s largest investor access platforms, the solution offers a unified workflow that streamlines engagement and scheduling for investor access-related events, such as regular shareholder meetings, analyst days, investor days, earnings calls, ESG meetings, non-deal roadshows, and industry conferences.
Nelson Griggs, President of the Nasdaq Stock Exchange and Executive Vice President of Corporate Services at Nasdaq, commented:
“Companies are interacting directly with investors and analysts now more than ever before, and we are taking the lead to help corporate clients adapt to this changing environment with the latest technology. Our aim with ConnectIR is to offer an efficient method of communication that eliminates any friction with scheduling meetings and other activities with the buy- and sell-side, thereby freeing up more time for users to maximize the effectiveness of their strategic IR initiatives.”
Radek Barnert, Chief Executive Officer of WeConvene, said:
“WeConvene’s investor access platform connects all capital markets constituents, so we are excited to be the enabling technology used by Nasdaq’s ConnectIR solution, which will extend connectivity between the buy-side, sell-side, and IR professionals. WeConvene’s technology makes the creation, execution, distribution, and booking of investor meetings as easy as booking a restaurant reservation, giving all capital markets participants more time to focus on more valuable activities.”
Brian Reynolds, Vice President of IR Intelligence at Nasdaq, added:
“Nasdaq has a long history of partnering with corporate clients through our software and consultative IR services to support their capital markets engagement and IR workflow. By combining Nasdaq’s technology with WeConvene, ConnectIR allows us to offer the latest solution to address the new demands and opportunities within the IR community.”
Investor relations teams will now be better equipped to enhance traditional investor targeting strategies by combining Nasdaq IR Insight, ConnectIR, and the consultative services of Nasdaq’s experienced team of Strategic Capital Intelligence analysts who provide actionable intelligence on investor targets through an evidence-based methodology.