Investing.com — shares jumped 1% after announcing a strategic partnership with that will integrate ’s data and analytics capabilities across the bank’s platforms.
The positive movement comes after the stock had been under pressure in recent trading sessions due to concerns about potential disruption from artificial intelligence technologies.
LSEG shares were trading lower earlier in the day before turning positive following the partnership announcement.
According to the company’s statement, the agreement will make LSEG’s data, analytics, and workflow capabilities available throughout Bank of America’s platforms. The deal specifically includes LSEG Workspace, the company’s World Check risk intelligence data, and application programming interfaces (APIs).
This partnership represents a significant opportunity for LSEG to expand the reach of its data and analytics products through one of the world’s largest financial institutions. The collaboration may help alleviate some investor concerns about the company’s competitive position in an increasingly technology-driven financial services landscape.
LSEG has been working to transform itself from a traditional exchange operator into a financial data and analytics provider following its $27 billion acquisition of Refinitiv in 2021, putting it in more direct competition with companies like Bloomberg and S&P Global.
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