The London Stock Exchange would be adopting the investment data management platform LUSID that is built by Finbourne as a digital data component that would provide real-time data.
As part of this partnership, LSEG would make a strategic investment into Finbourne which would see both of the companies working together in a close and strong manner to develop and upgrade more features of the platform and also improve and add on the capabilities of each team to deliver the best possible solution for their clients. The LUSUD platform operates on top of the AWS infrastructure which helps to provide it with reliability and accuracy as well. The platform was established in 2016 and is known for storing trading and other related data easily and efficiently so that it can be accessed and retrieved quickly. While storing the data is one part of the challenge for such companies, the other challenge is to store it in a way that is efficient as the amount of data spewed out by the trading industry is huge.
Emily Prince, Group Director of Fixed Income Analytics, LSEG – London Stock Exchange Group commented: “The partnership with FINBOURNE supports LSEG’s open access environment for its clients to leverage the breadth of data, analytics, and integrated workflow solutions. We look forward to working with FINBOURNE, drawing on our joint financial market expertise, to create new services and flexible solutions to better serve our clients.”
Finbourne currently has over 100 employees and its platforms are used by a variety of fund managers as well as high-end global investment institutions. It is indeed a challenge to remain on top of the trading data management market with a variety of providers providing a variety of data for different instruments and platforms. This presents a wide variety of choices for the users and clients but what is important in the long term is the accuracy of the data that is collected as that is what will hold the users in good stead with a variety of major decisions hinging on the data that is collected. The data is also provided in the form of APIs as well which helps the various clients making use of the data to be able to bridge this data onto their platform for research and analysis.