The $2.8b cloud-computing deal pushes big tech further into financial markets. As part of the agreement, LSEG said it will spend at least that amount on cloud services with Microsoft over the next 10 years and the partnership will speed up the migration of its markets to the cloud and allow it to develop new products and services.
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Microsoft to buy 4% of London Stock Exchange on cloud deal
“We will be generating meaningful revenue growth in the coming years by accessing new products and enhancing our existing product capabilities,” LSEG Chief Executive Officer David Schwimmer said in a phone interview.
