LSEG, London, United Kingdom: LSEG Data & Analytics

Company: LSEG, London, United Kingdom
Company Description: LSEG is a world leading provider of financial markets infrastructure and delivers financial data, analytics, news and index products to 40,000+ clients in 170+ countries. We help organisations fund innovation, manage risk and create jobs by partnering with them throughout the trade lifecycle: from informing pre-trade decisions and executing trades to raising capital, clearing and optimization.
Nomination Category: Product & Service Categories - Business Technology Solutions
Nomination Sub Category: Financial & Market Data Solution

Nomination Title: LSEG Data & Analytics

Which will you submit for your nomination in this category, a video of up to five (5) minutes in length about the the nominated new or new-version product or service, OR written answers to the questions for this category? (Choose one):
Written answers to the questions
If you are submitting a video of up to five (5) minutes in length, provide the URL of the nominated video here, OR attach it to your entry via the "Add Attachments, Videos, or Links to This Entry" link above, through which you may also upload a copy of your video.
If you are providing written answers for your submission, you must provide an answer to this first question: If this is a brand-new product, state the date on which it was released. If this is a new version of an existing product, state the date on which the update was released:

LSEG Data & Analytics (D&A) is a streamlined and enhanced version of an existing ecosystem of solutions, combining products, technology and partnerships together to support major financial services firms. The new version launched in November 2023 and provides the focus for this submission.
If you are providing written answers for your submission, you must provide an answer to this second question: Describe the features, functions, and benefits of the nominated product or service (up to 350 words):

Total 349 words used.

LSEG's Data & Analytics (D&A) division provides pivotal, decisive financial information for 45,000 customers (including 75 of the top 100 global banks and asset managers) in 190 countries with its advanced ecosystem of analytics and proprietary distribution technology. Reaching 400,000+ end-users, this unmatched offering has been enhanced over the last 24-months, consolidating and expanding our industry prominence, not least those stemming from a groundbreaking 10-year Microsoft partnership.

Since splitting from our sister risk offering and rebranding as LSEG D&A in November-2023, the solutions we deliver across the financial market value chain have risen to the next level. Our offering now includes

-The world’s largest tick history database (real-time pricing for trades and quotes), with almost 30 years’ worth of insight-rich data.

-Reuters News Analytics: exclusive access to global, machine-readable, real-time and archived financial metadata via our partnership with Reuters.

-Market-leading data across the latency spectrum, including ultra-low latency (4-40microseconds vs. the more widely available 50-200 microseconds). Providing a competitive advantage for algorithmic and electronic trading.

-Seamless data integration from a consistent data model with uniform tagging/symbology, providing market-leading distribution.

-Open access and scalable analytics: Our low-cost cloud-based data solutions can be integrated anytime/anywhere with customers’ own/external data within minutes rather than hours/days. Meanwhile, scalable and comprehensive analytics libraries (including YieldBook and Lipper) boast 10+ million cross-asset securities and 130+ pre-built models.

-Advanced technologies: We employ AI, machine-learning techniques and natural language processing to produce sophisticated news analytics, enabling customers to connect structured/unstructured data and streamline data preparation.

-Customised software development: Integrated development environment with LSEG’s VS Code extension and GitHub Copilot AI integration.

-Data governance: We lead in data compliance, resilience, security and privacy with tools for data governance and rights management.

In April-2023, we also introduced new, efficiency-enhancing, customisable and open-access workflows with the launch of Workspace (replacing Eikon). Additional to providing anytime/anywhere access through a zero-footprint web version, this tool enables real-time syncing across devices for continuous data integrity, includes predictive search to streamline information retrieval, and can be integrated with Microsoft Teams to present summaries of trending news, past meeting actions, and related resources.
If you are providing written answers for your submission, you must provide an answer to this third question: Outline the market performance, critical reception, and customer satisfaction with the product or service to date. State monetary or unit sales figures to date, if possible, and how they compare to expectations or past performance. Provide links to laudatory product or service reviews. Include some customer testimonials, if applicable (up to 350 words):

Total 198 words used.

Our solution enhancements have had a remarkably positive impact on all product attributes, as demonstrated by customer scores for Workspace in comparison with Eikon. [REDACTED FOR PUBLICATION]

Customer satisfaction is indicated in comments including:

“The range of data, news and research available is amazing, the customer support is timely and resolution-driven, and the training modules are very useful for independent learning and refreshers”. (United Kingdom, LSEG Workspace, LCC Emerging)

“Data supplied is reliable and easily accessed. The move to Workspace (from Eikon) has made accessing information a more user-friendly experience”. (Australia, LSEG Workspace, LCC Emerging)
You have the option to answer this final question: Reference any attachments of supporting materials throughout this nomination and how they provide evidence of the claims you have made in this nomination (up to 250 words):
Total 81 words used.

A supporting PDF document has been provided which elaborates on the points outlined in the main submission.

This covers:
- Section 1: An introduction to LSEG Data & Analytics and a description of the business challenge.
- Section 2: Details of our solution, its features and functions. This is broken down into three further areas: Data and Feeds, Analytics and Workflows. It then concludes with further detail on the rebrand.
- Section 3: Impacts – specifically, the customer reaction, market performance and internal reaction.

Attachments/Videos/Links:

LSEG Data & Analytics
	[REDACTED FOR PUBLICATION]

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LSEG, London, United Kingdom: LSEG Data & Analytics