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Investment Analytics · head to head

LSEG Workspace vs Morningstar Direct

LSEG Workspace logo

LSEG Workspace

Investment Analytics

LSEG's financial data terminal with Reuters News, analytics, AI agents and Microsoft 365 integration

From
On request
Free plan
No
Full reviewWebsite
Morningstar Direct logo

Morningstar Direct

Investment Analytics

Morningstar's investment analysis platform for fund research, flows and portfolio analytics

From
On request
Free plan
No
Full reviewWebsite

The short version

  • Each has a real cost: LSEG Workspace no published commercial pricing. LSEG's service overview says applications are not sold individually but packaged into workflow propositions through an account team; the only figure published is for the academic Campus variant (checked November 2026).; Morningstar Direct no published pricing on Morningstar's product pages, checked November 2026.
  • They diverge on capability: LSEG Workspace covers Reuters News and 10,000 sources, Morningstar Direct covers Investment database and screening.
  • Prices and features above were last checked on 12 November 2026.

Where they differ

Only the attributes on which LSEG Workspace and Morningstar Direct actually diverge.

Attributes where LSEG Workspace and Morningstar Direct differ
AttributeLSEG WorkspaceMorningstar Direct
PlatformsWindows, macOS, Web, iOS, Android, APIWindows, Web, Excel

Identical on both: starting price (On request), pricing model (quote), free tier (No), user rating (Not yet rated), category (Investment Analytics).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in LSEG Workspace

  • Reuters News and 10,000 sources
  • StarMine and MarketPsych analytics
  • Fundamentals and I/B/E/S estimates
  • Portfolio analytics
  • Workspace AI agents
  • Microsoft 365 integration
  • CodeBook and LSEG Data Library
  • LSEG Messenger

Only in Morningstar Direct

  • Investment database and screening
  • Asset Flows
  • Portfolio analysis and attribution
  • Asset Allocation
  • Performance Reporting
  • Presentation Studio
  • Excel Add-In
  • Direct AI agents

What people use each for

The jobs each tool is most often brought in to do.

LSEG Workspace

  • Following markets and Reuters News on a research or trading desknot Morningstar Direct
  • Equity research with fundamentals, I/B/E/S estimates and StarMine modelsnot Morningstar Direct
  • Portfolio performance, risk and attribution with MSCI RiskMetrics and Barra Optimizernot Morningstar Direct
  • Building Excel and PowerPoint outputs from LSEG data with the Office add-insnot Morningstar Direct
  • Prototyping quantitative research in Python through CodeBooknot Morningstar Direct
  • Migrating former Eikon users and Eikon Data API scriptsnot Morningstar Direct

Morningstar Direct

  • Fund research and manager due diligence using Morningstar ratings and categoriesnot LSEG Workspace
  • Tracking fund flows and market share for product development and distributionnot LSEG Workspace
  • Attribution and performance reporting on fund line-ups and model portfoliosnot LSEG Workspace
  • Producing branded fund factsheets and client presentationsnot LSEG Workspace
  • Capital market assumptions and strategic asset allocation worknot LSEG Workspace

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

LSEG Workspace

  • No published commercial pricing. LSEG's service overview says applications are not sold individually but packaged into workflow propositions through an account team; the only figure published is for the academic Campus variant (checked November 2026).
  • Code written against Eikon's APIs has to be rewritten: the Eikon COM APIs and Eikon Data API are replaced by the LSEG COM Library for Workspace and the LSEG Data Library.
  • AI agent availability varies by surface and entitlement: Company Intelligence in Microsoft Teams was listed as coming soon, and LSEG tells users to contact their representative for access.
  • LSEG Messenger is free but, per the service overview, may not come by default with every Workspace variant, and live chat support is not available in the mobile app.
  • The Refinitiv brand transition is unfinished in places: the web sign-in on LSEG's download page still points to workspace.refinitiv.com and the developer community to community.developers.refinitiv.com.

Morningstar Direct

  • No published pricing on Morningstar's product pages, checked November 2026.
  • The full application is a Windows desktop install: the August 2026 technical specification lists Windows 11 and several .NET Framework versions as requirements, so it does not run natively on a Mac.
  • Some modules, including Asset Allocation and Portfolio Analysis, open in separate browser sites rather than inside the desktop application, according to Morningstar's own onboarding guide.
  • The product is strongest on managed investments; it is not a real-time trading or deal-data platform, so banks and traders usually need another terminal alongside it.
  • Morningstar's product pages did not return content to automated requests in November 2026, so feature detail has to come from PDFs, help pages and press releases.

Pricing, plan by plan

LSEG Workspace

On request

No published plan breakdown. See the LSEG Workspace review.

Morningstar Direct

On request
  • Morningstar Direct licence$undefined/mo
    • Priced by quotation through Morningstar sales, no list prices published
    • Desktop application for Windows with a separate Excel Add-In
    • Direct AI browser interface announced October 2026, pricing not stated

Which should you pick?

Choose LSEG Workspace if

  • You need reuters news and 10,000 sources.
  • You work on Windows, macOS, Web, iOS, Android, API.
  • You also want starmine and marketpsych analytics.
LSEG Workspace review

Choose Morningstar Direct if

  • You need investment database and screening.
  • You work on Windows, Web, Excel.
  • You also want asset flows.
Morningstar Direct review

Questions people ask

Is LSEG Workspace or Morningstar Direct better?
Neither clearly leads. LSEG Workspace starts at On request and Morningstar Direct at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, LSEG Workspace or Morningstar Direct?
LSEG Workspace starts at On request and Morningstar Direct at On request.
Does LSEG Workspace or Morningstar Direct run on more platforms?
LSEG Workspace runs on Windows, macOS, Web, iOS, Android, API. Morningstar Direct runs on Windows, Web, Excel.
What is LSEG Workspace best used for?
LSEG Workspace is most often used for following markets and reuters news on a research or trading desk, equity research with fundamentals, i/b/e/s estimates and starmine models, portfolio performance, risk and attribution with msci riskmetrics and barra optimizer, building excel and powerpoint outputs from lseg data with the office add-ins. Of those, following markets and reuters news on a research or trading desk and equity research with fundamentals, i/b/e/s estimates and starmine models are not what Morningstar Direct is typically brought in for.
What can LSEG Workspace do that Morningstar Direct cannot?
LSEG Workspace covers Reuters News and 10,000 sources, StarMine and MarketPsych analytics, Fundamentals and I/B/E/S estimates, Portfolio analytics. Morningstar Direct covers Investment database and screening, Asset Flows, Portfolio analysis and attribution, Asset Allocation.

Answered from the vendors’ own pages

LSEG Workspace: What happened to Refinitiv Eikon?

LSEG withdrew Eikon from its product line on 30 June 2025 and replaced it with LSEG Workspace, which it had been upgrading Eikon users to since Workspace launched in 2020.

Source
Morningstar Direct: What is Morningstar Direct AI?

A rebuilt, agentic version of Morningstar Direct launched on 7 October 2026 with a new browser-based interface and three agents: Product Development, Distribution and Manager Research. Morningstar did not state pricing in the announcement.

Source
LSEG Workspace: Is Refinitiv the same company as LSEG?

LSEG completed its acquisition of Refinitiv in 2021, after which Refinitiv stopped operating as a standalone company. LSEG Data & Analytics is the direct successor to Refinitiv's data and analytics business.

Source
Morningstar Direct: What are the system requirements for Morningstar Direct?

Windows 11, at least 4 GB of memory (8 GB recommended), Microsoft Office 2016 or Microsoft 365, and .NET Framework 4.6.1, with 4.7 required for the Excel Add-In and 4.8 for Presentation Studio. Logins require multi-factor authentication or single sign-on.

Source
LSEG Workspace: How much does LSEG Workspace cost?

Commercial pricing is not published. Applications are packaged into propositions based on user workflows and quoted through an account team. The academic Campus variant is described as starting at $6.67 per user for a minimum of 100 users.

Source
Morningstar Direct: What does the Asset Flows module cover?

Estimated cash flow and market share data for open-end funds, ETFs, separate accounts and insurance products across several markets. US open-end fund flows are typically published by the eighth business day after month end.

Source
LSEG Workspace: Which platforms does LSEG Workspace run on?

Windows 10 or later and macOS 11 or later as desktop applications, in Chrome, Edge and Safari on the web, and as apps for iPhone, iPad and Android devices.

Source
Morningstar Direct: How much does Morningstar Direct cost?

Morningstar does not publish prices for Direct. Licences are arranged through its sales team.

Source
LSEG Workspace: What AI features does Workspace have?

Workspace agents including AI Search, Company Intelligence and Deep Research. AI Search and Deep Research are available in Workspace and Workspace for Microsoft Teams, and Deep Research outputs can be exported to Excel.

Source
Morningstar Direct: Can Morningstar data be used from AI assistants?

Morningstar states that its investment intelligence is available through Claude, Microsoft Copilot and ChatGPT, in addition to the agents inside Direct AI.

Source
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