LSEG to acquire market data solutions provider MayStreet
London Stock Exchange Group (LSEG) has signed an agreement to acquire MayStreet, a market data solutions provider.
MayStreet provides its clients deeper insights into how global capital markets operate, using global low latency technology and market data.
Founded in 2012, the New York-based firm’s customers include 65 industry participants including banks, asset managers and hedge funds.
MayStreet has an existing commercial partnership with LSEG to support LSEG’s Real-Time Direct feed offering.
The acquisition will expand LSEG’s capabilities in the latency spectrum through a global low latency network of more than 300 cross asset, exchange and trading venue feeds.
“This acquisition is a significant milestone for our Enterprise Data Solutions business, as we look to further expand our leading real-time data offering,” says Stuart Brown, group head of Enterprise Data Solutions, LSEG.
“Adding MayStreet’s low latency domain expertise to our existing capabilities enables us to bring increased value to customers’ electronic trading workflows across a number of use cases, including quantitative modelling, research and programmatic trading,” he adds.
The acquisition is expected to close in H1 2022, after which MayStreet will become part of LSEG’s Enterprise Data Solutions within its Data and Analytics division.