Microsoft and LSEG will collaborate to create new tools for business cooperation. This came after Microsoft bought stake in the London Stock Exchange.
On Monday, Microsoft, a major player in American technology, announced a 10-year agreement with the London Stock Exchange Group and acquired a nearly 4% ownership in the company that runs the U.K. exchange.
According to a statement by the LSEG, the relationship includes cloud computing technologies as well as next-generation data and analytics. It features analytics and modeling solutions using Microsoft Azure, AI, and Microsoft Teams as well as a new data infrastructure for the London Exchange.
On Monday, LSEG's stock rose 4% in Europe.
“This strategic partnership is a significant milestone on LSEG’s journey towards becoming the leading global financial markets infrastructure and data business, and will transform the experience for our customers,” David Schwimmer, CEO of LSEG, said in the statement.
Microsoft will pa...
Full Access
Included:
-
Access to All Articles.
-
One Plan. No Tiers.
-
No Ads.
-
Cancel anytime.
