Stephen Grady joins LSEG in a community engagement role
Grady accepted the Lifetime Achievement Award at The TRADE’s Leaders in Trading 2024 event, recognising his contribution to the industry.
Grady accepted the Lifetime Achievement Award at The TRADE’s Leaders in Trading 2024 event, recognising his contribution to the industry.
The collaboration will integrate LSEG’s Yield Book fixed income data and analytics into FINBOURNE’s LUSID platform and builds on the two firms’ existing partnership from 2021.
BNP Paribas, Deutsche Bank, JP Morgan and Morgan Stanley are among the banks taking a 20% ownership stake, in exchange for £170 million in the deal.
The offering will allow firms to build governed AI agents using both enterprise and LSEG’s data, via Databrick’s Delta Sharing.
Through the move, the group has integrated execution, content, and analytics in a bid to promote “smarter trading”.
The FCA has approved the move, citing the opportunity to “boost growth and unlock capital investment […] seeding a competitive market that gives greater investor access to exciting growth companies."
Individual brings two decades of industry experience to his new role, and has also previously worked at Refinitiv, Bloomberg and BNP Paribas.
Revenue increases were seen across equities, FX, derivatives, OTC derivatives, and fixed income – with the latter bolstered by Tradeweb tie in.
Technological expansion showcases growth derived from LSEG and Microsoft’s partnership.
The decision is set to contribute to cost synergies and operational efficiencies, according to UBS.