London Stock Exchange Group PlcLSE: LSEG

LSEG and CMC Markets enter strategic data agreement to support growth and innovation

· Issued by London Stock Exchange Group Plc

Summary by 6ix

LSEG and CMC Markets (CMC) entered a multi-year strategic data agreement that expands CMC's access to LSEG's financial data, news and analytics.

Key details

  • The agreement gives CMC broader access to real-time and delayed pricing, reference data, corporate actions data (records of company events such as dividends and splits), news and analytical content.
  • CMC will also gain access to LSEG's AI-ready content, which the companies say provides a foundation for developing future AI-enabled applications and workflows across CMC's business.
  • The companies say the expanded data access will support consistency and scalability as CMC develops new products, enters new markets and grows its institutional and business-to-business partnerships.
  • The agreement forms part of CMC Markets' strategy to build a more diversified, technology-led financial services business connecting its trading, investing and institutional capabilities.

6ix wrote this summary from the release below and checked it against the release.

LONDON - LSEG and CMC Markets ("CMC") today announced a multi-year strategic data agreement, expanding CMC's access to LSEG's financial data, news and analytics.

The agreement strengthens the data infrastructure underpinning CMC's multi-asset offering, providing broader access to real-time and delayed pricing, reference and corporate actions data, news and analytical content.

By expanding access to trusted and standardised financial data, the partnership will support greater consistency and scalability as CMC develops new products, enters new markets and grows its institutional and B2B partnerships.

Chris Coleman, Group Head of Sales and Account Management, LSEG, said:

"We're pleased to deepen our relationship with CMC Markets, an important and valued client of LSEG. By combining broad financial data and analytics with flexible access and specialist expertise, we can support CMC as it scales its business, develops new client propositions and pursues future innovation."

Lord Peter Cruddas, Founder and Chief Executive Officer, CMC Markets, said:

"As CMC continues to grow and diversify, having the right data and technology behind the business is critical to how quickly and effectively we can scale. LSEG is an important strategic partner, and broader access to trusted financial data will help us move faster and strengthen the experience we deliver to clients. We've always invested in technology and partnerships to drive CMC forward. This agreement is another important step, giving us greater capability as we enter the next phase of our growth."

The agreement forms part of CMC Markets' broader strategy to build a more diversified, technology-led financial services business, supported by scalable infrastructure that connects its trading, investing and institutional capabilities. CMC will also gain access to LSEG's AI-ready content, providing an additional foundation for the development of future AI-enabled applications and workflows across the business.

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