The London Stock Exchange Group (LSEG) has expanded its use of Amazon Web Services (AWS).
LSEG is building on its existing multi-year agreement with the cloud provider and has named AWS the preferred cloud platform for its markets, risk Intelligence, and FTSE Russell divisions.
The stock exchange will migrate internal systems to AWS’ cloud, and will leverage AWS Bedrock to help its Risk Intelligence division provide faster and more accurate risk analysis.
In addition to use AWS’ public cloud, LSEG is set to use the AWS Outposts on-premises private cloud solution. This will enable it to deliver “resilient and scalable services to customers,” the company said.
Daniel Maguire, group head of markets at 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 of AWS EMEA, said: “We look forward to helping LSEG drive innovation for their financial services customers and improve resilience.”
AWS recently partnered with Nasdaq to help market operators in the company move to the cloud, starting with the Johannesburg Stock Exchange, Grupo BMV, and Nasdaq’s Nordic markets.
The Nasdaq market itself is already on AWS, and uses a combination of public cloud and an AWS on-premise solution, which turns Nasdaq’s data center into a private AWS Local Zone.
This latest news is notable, given LSEG’s longstanding relationship with Microsoft. In 2022, Microsoft acquired a stake in LSEG which, in return, saw LSEG agree to use Microsoft’s cloud capabilities as part of a 10-year partnership.
As part of that agreement, LSEG’s technology infrastructure and data and analytics platforms were set to be migrated onto the Microsoft Cloud. LSEG’s data platform and other key technology infrastructure will migrate into Microsoft’s Azure cloud environment.
The Microsoft partnership was hailed by LSEG CEO David Schwimmer on the company’s earnings call in February. At the time Schwimmer said the companies had a “strong pipeline” of products being developed for stock exchange customers. It is unclear what the latest agreement with AWS will mean for LSEG’s relationship with Microsoft.