Fintech

London Stock Exchange goes after Bloomberg’s data crown with Microsoft deal

Deal strengthens challenge to Bloomberg’s financial data business, analysts say

Friday 23 December 2022 at 11:56

Melding LSEG’s data and Microsoft’s tech represents the biggest threat yet to Bloomberg’s financial-data business
Melding LSEG’s data and Microsoft’s tech represents the biggest threat yet to Bloomberg’s financial-data business Photo: Jose Sarmento Matos/Getty Images

The London Stock Exchange has staked its future on financial data.

A new deal with Microsoft means it poses a bigger threat to industry leader Bloomberg, analysts say.