Global financial services solutions and data provider Ipreo has created a partnership with UK-based ACE Consensus to help bring IR and management teams greater insight into market expectations in the world of Mifid II.
ACE Consensus operates a toolkit focused on the compilation, maintenance, updating, standardization, publishing and reporting of analyst-based consensus. Its approach involves creating bespoke templates of performance indicators for each company linked to estimates from earnings models.
One of the uncertainties around Mifid II is the extent to which earnings estimates compiled by third parties become unrepresentative and company-compiled forecasts become the reference point for fund managers.
Paul Hebert, executive vice president of global corporate solutions at Ipreo, says in a statement: ‘Especially with European companies facing the impact of a post-Mifid II world, investor relations teams are more often becoming the most trusted source of consensus estimates on their companies.
‘ACE helps issuers streamline consensus management, inform the market and optimize internal reporting. With ACE, IR teams can leverage market expectations to provide strategic insights that help senior management make better-informed operational decisions.’
Alex Money, founder and managing director of ACE Consensus, adds: ‘Ipreo has built a strong reputation over the last 10 years for providing tools to the corporate IR community to help it work efficiently and think strategically.
‘ACE Consensus shares Ipreo’s view on the significance of company-compiled consensus following Mifid II, and is looking forward to working with Ipreo to help companies meet the rising demand from market participants for clear and accurate information to make strategic decisions.’
