Microsoft’s LSEG Deal Opens Door to Lucrative Finance Market
- Company expects partnership to generate billions over a decade
- Microsoft will co-develop financial-data platform, analytics
David Schwimmer
Photographer: Ting Shen/BloombergThis article is for subscribers only.
Microsoft Corp. has made its largest push into financial services in a deal with London Stock Exchange Group Plc where the software company will co-create analytics products and integrate LSEG’s products into its own software suite.
LSEG’s Workspace platform — along with a messaging service used by traders, bankers and analysts — will be integrated into Microsoft 365 and Teams, the Redmond, Washington-based company said in a statement on Monday. Microsoft said it will also work with the stock-exchange operator on a financial-data platform, and will develop analysis and modeling services using its machine-learning capabilities.