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Third Outage in Three Months Hits London Stock Exchange

The disruption comes amid LSEG's ongoing transformation into a data services giant.

  • The London Stock Exchange Group (LSEG) suffered its third outage in three months, halting trading in about 2,000 smaller shares.
  • The recent outages come as LSEG is seeking to transform itself from an exchange provider into a data services giant.
  • In 2022, Microsoft Corp. agreed to buy a 4% stake in LSEG as part of a deal where LSEG agreed to spend billions on cloud services with the technology giant over the next 10 years.
  • In 2021, LSEG completed its $27 billion purchase of Refinitiv, which was meant to jumpstart the new era for LSEG.
  • LSEG plans to create five new divisions starting next year: data and analytics, FTSE Russell, risk intelligence, capital markets and post trade.
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