LSEG teams up with NVIDIA for faster market data processing

On October 14, London Stock Exchange Group (LSEG) announced a partnership with Nvidia aimed at enhancing the processing and analysis of extensive historical market data for financial institutions. This collaboration leverages Nvidia's technology to accelerate data handling, enabling institutions to gain insights from their data in real-time.

LSEG, which operates the London Stock Exchange and offers data and analytics services, has been broadening its offerings to cater to various demands while maintaining control over its licenses and data. By utilizing Nvidia's specialized processors, LSEG can analyze every trade and price quote in mere seconds without duplicating the dataset. This capability is crucial as equity trading increasingly adopts 24-hour cycles, necessitating faster and more timely research.

Ron Lefferts, co-head of data & analytics at LSEG, emphasized the importance of providing customers with detailed historical data swiftly. LSEG's Tick History, a trusted and governed database, contains approximately 110 trillion rows of data across 100 million instruments, spanning 30 years and involving 580 exchanges, trading venues, and contributors. This makes it the largest single customer for Reuters, which supplies news to LSEG's Workspace platform and other products.

Looking ahead, LSEG plans to introduce LSE 24, a platform for night-time trading of certain exchange-traded products, scheduled for launch next year. This move is part of LSEG's strategy to adapt to evolving market demands and technological advancements.