The London Stock Exchange Group (LSEG) has signed a deal with Amazon Web Services (AWS) that will move the organisation’s high-speed financial data operations to the cloud.
The firms hope that the new expanded partnership will allow financial institutions to access LSEG’s market data with greater speed and flexibility.
LSEG’s data operation is among its most valuable, covering over 100 million instruments, it sources and distributes market data from over 575 exchanges and trading venues to customers all over the world.
The London Stock Exchange owner has been implementing a cloud transformation strategy that has also seen it forge strategic partnerships with Microsoft.
“LSEG’s real-time data and feeds is a crucial component of our business and this collaboration is part of our cloud transformation strategy. Advances in AI and other technologies mean that demand for data is accelerating rapidly,” said Ron Lefferts, co-head of data and analytics at LSEG.
“This is a fundamental transformation of our critical data offering that powers the financial markets. Using AWS’s services demonstrates our commitment to delivering resilient, intelligent, and accessible data solutions to our customers ensuring they are able to make timely and informed investment decisions, based on the world’s most trusted datasets.”
LSEG has had an ongoing relationship with AWS, which has been designated as the preferred cloud provider for its markets, risk intelligence and FTSE Russell divisions.
“Our collaboration with LSEG will help financial institutions navigate the exponential growth in market data, which now peaks at up to 20 million messages per second on LSEG’s real-time network,” said Tanuja Randery, managing director of AWS EMEA.
“By combining AWS’s scale, resiliency, and flexibility with LSEG’s position in real-time data distribution, we are enabling financial institutions to process billions of data points with the speed and intelligence that modern financial markets demand.”
