London Stock Exchange Group (LSEG) has announced that it will purchase market data solutions provider MayStreet.
The deal is expected to be completed by the end of Q2 2022, with MayStreet becoming part of the exchange group’s Enterprise Data Solutions business within its Data and Analytics division.
This will build on an existing partnership between the two companies, through which MayStreet is supporting the development of LSEG’s Real-Time Direct data feed. MayStreet is also providing market data to the SEC’s market Information Data Analytics System (MIDAS) through a contract that began in 2019.
New York-based MayStreet was established in 2012 and provides low latency connectivity and market data to more that 65 bank and buy-side customers.
LSEG group head of data and analytics Andrea Romyn Stone says: “Combining LSEG’s strong track record as a leader in enterprise data with MayStreet’s expertise in providing low latency data and innovative cloud technology represents an exciting customer proposition.
We now have an opportunity to significantly enhance the breadth of our low latency data offering, ensuring we deliver outstanding high-quality data in a flexible manner across the latency spectrum to our global customer base.”
MayStreet co-founder and chief technology officer Michael Lehr says: “Our high-quality data and powerful low-latency software, combined with LSEG’s industry standard platform and strong operational capabilities, will allow us to provide market-leading services to the most sophisticated data users”.
