LSEG Doubles Down on AWS Cloud Deal—Because On-Prem Servers Are So 2015

London Stock Exchange Group inks expanded partnership with Amazon Web Services, pushing more financial infrastructure into the cloud. Because nothing says ’cutting-edge finance’ like renting server space from a company that also delivers your toilet paper.

Subheader: All-In on Cloud (Like They Have a Choice)

The move signals LSEG’s full migration away from legacy systems—a tacit admission that maintaining data centers is as passé as fax machines in trading pits. AWS gets another trophy client, while bankers pretend they understand ’serverless architecture.’

Closing jab: At least when the cloud inevitably glitches, they can blame ’temporary volatility’ instead of their own IT team.

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. The new agreement 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.”

“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,” said Tanuja Randery, Managing Director, AWS EMEA. “We look forward to helping LSEG drive innovation for their financial services customers and improve resilience.”

Source: LSEG