The London Stock Exchange Group (LSEG) has launched a beta version of a social network it says will make investor relations and communications between stakeholders ‘more efficient, more international and more valuable.’
The social network, called ELITE Connect, will link institutional investors, intermediaries and companies around the world to promote increased engagement, the LSEG says in a press release.
The social network has been launched in beta form and is being tested by major European companies, the group adds. The testing phase is meant to encourage feedback from investors, IR professionals and other stakeholders before the full launch. The LSEG did not say when it aims to launch the full version.
In its beta form, the social network includes a digital meeting room that allows for video communication as well as document sharing and note taking, according to the network’s website.
It also has an embedded agenda to co-ordinate meetings, a personalized stream of professional content and news, and company and investor search functions that allow users to filter based on interests, size, location and industry, according to the LSEG.
A private personal history of meetings and communications held over the network will help IR professionals, investors and other stakeholders keep a record of communications, the site adds.
‘The pace of change in global capital markets, and the technology and regulation that underpins it, has been transformative in recent years,’ says Luca Peyrano, managing director of ELITE Connect. ‘We know that 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. ELITE Connect will help make investor relations more efficient, more international and more valuable for all parties.’
