Microsoft announced it would buy a 4% stake in the London Stock Exchange. The deal will cost Microsoft his £1.5bn.
The new deal is part of a 10-year partnership between Microsoft and the London Stock Exchange, under which Microsoft will provide LSE with data and cloud infrastructure.
Today, we announced a 10-year strategic partnership with the London Stock Exchange Group (LSEG), the world’s leading financial markets infrastructure and data provider. After LSEG acquired Refinitiv, a market leader in data services, LSEG differentiated itself in the market with its end-to-end proposition across transactional, execution, data and analytics solutions. Together, we are powering the future of financial markets by delivering next-generation data, analytics and workspace solutions that transform how businesses connect, research, analyze, collaborate and trade across the financial markets value chain. I look forward to giving
Organizations across the capital markets value chain face an increasingly complex operating environment, with macroeconomic headwinds, stringent regulatory controls, and increasing challenges to traditional revenue streams. These conditions put more pressure on companies to reinvent their business models and do more with less. But legacy platforms, siled information, scale limitations, and data overload hamper your ability to deliver the best customer experiences, insights, and tools. This requires a digital transformation approach underpinned by the latest cloud and AI technologies. LSEG has already started addressing these issues for its customers and through this strategic partnership will accelerate that transformation.
For more information on our new partnership with Microsoft and the London Stock Exchange, please see the link below.
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Image credit: Robert Bye
Filed Under: Technology News
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