LSEG announced it has extended its multi-year collaboration with Amazon Web Services (AWS), naming AWS as the preferred cloud provider for its Markets, Risk Intelligence and FTSE Russell divisions.
This agreement reportedly builds on the existing relationship “between the two companies.”
By migrating internal systems to the cloud, LSEG will further “strengthen its resilience and security while delivering new services and products for customers.”
Using Amazon Bedrock will also give LSEG’s Risk Intelligence division the ability to “provide faster, more accurate risk analysis, empowering its customers to stay agile and enhance their resiliency.”
Using AWS, LSEG will continue to give customers “access to historical, quantitative FTSE Russell indices.”
This allows customers to uncover “deeper market trends and patterns, whilst reducing time-to-insight and operational costs.”
LSEG Markets will also use AWS Outposts to deliver “resilient and scalable services to customers.”
Daniel Maguire, Group Head of Markets, LSEG, said:
“Our ongoing collaboration with AWS is an important part of the Group’s cloud strategy. LSEG’s role as a leading global market infrastructure and data provider means that operational resilience is the foundation of everything we do – and cloud services are the cornerstone of our approach. We look forward to working with AWS to deliver innovative products and an enhanced experience for our customers to support their trading and risk management activity.”
Tanuja Randery, Managing Director, AWS EMEA said:
“AWS has deep expertise in meeting the unique needs of financial markets participants around the world, and we are excited about the opportunity to scale our work with LSEG. We look forward to helping LSEG drive innovation for their financial services customers and improve resilience.”
As covered, LSEG (London Stock Exchange Group) is a global financial markets infrastructure and data provider, playing “a vital social and economic role in the world’s financial system.”
With their open approach, trusted expertise and global scale, they enable the sustainable growth and “stability of our customers and their communities.”
They are partners with experience, knowledge and “a worldwide presence in data and analytics; indices; capital formation; and trade execution, clearing and risk management across multiple asset classes. ”
LSEG is headquartered in the United Kingdom, with “significant operations in 65 countries across EMEA, North America, Latin America and Asia Pacific.”
They reportedly employ over “26,000 people globally, more than half located in Asia Pacific.”