London Stock Exchange To Test Social Network For Public Companies

The London Stock Exchange has begun beta-testing a social network designed to promote interaction between public companies, intermediaries and institutional investors.

Beta phase testing of Elite Connect with major listed European companies has begun today with a full go-live planned for later in 2015.
The platform offers participants a tailored profile page, company and investor search function, embedded calendar for scheduling meetings, and a digital ‘meeting room’, with video conference technology, document sharing and note taking facilities.
Luca Peyrano, managing director, Elite, says: “We know that approximately 90% 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.”