London Stock Exchange Group (LON: LSEG) is aiming to enhance its enterprise data solutions business with the agreement to acquire MayStreet, a market data solution provider.

Announced on Wednesday, neither of the companies revealed the agreed financial terms of the deal. The companies already have a commercial agreement for supporting LSEG’s real-time direct feed offering.

MayStreet was founded in 2012 and provides low latency technology and market data to over 65 industry participants. Its clientele includes banks, asset managers and hedge funds.

“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,” said Andrea Remyn Stone, LSEG’s Group Head of Data & Analytics.

With the integration of MayStreet, the London-based market infrastructure provider is aiming to expand its capabilities across the latency spectrum. It will broaden and complement the group’s real-time feeds and historical market data value proposition.

“We now have a fantastic 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,” Stone added.

Many Acquisitions

The acquisition of MayStreet is one of the many such deals the LSEG has signed in recent months. It closed the massive acquisition deal of the market data provider Refinitiv last year for which it needed to liquidate all the stakes in Boursa Italiana. Additionally, the group agreed to acquire identity verification data platform Global Data Consortium, the financial technology firm, TORA, and Quantile, a portfolio and margin services provider.

“The demand for high quality low latency data has never been greater. LSEG’s global scale and established position will enable us to better serve customers and offer innovative solutions to support trading and investment decisions,” said MayStreet’s Co-Founder and CEO, Patrick Flannery.

London Stock Exchange Group (LON: LSEG) is aiming to enhance its enterprise data solutions business with the agreement to acquire MayStreet, a market data solution provider.

Announced on Wednesday, neither of the companies revealed the agreed financial terms of the deal. The companies already have a commercial agreement for supporting LSEG’s real-time direct feed offering.

MayStreet was founded in 2012 and provides low latency technology and market data to over 65 industry participants. Its clientele includes banks, asset managers and hedge funds.

“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,” said Andrea Remyn Stone, LSEG’s Group Head of Data & Analytics.

With the integration of MayStreet, the London-based market infrastructure provider is aiming to expand its capabilities across the latency spectrum. It will broaden and complement the group’s real-time feeds and historical market data value proposition.

“We now have a fantastic 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,” Stone added.

Many Acquisitions

The acquisition of MayStreet is one of the many such deals the LSEG has signed in recent months. It closed the massive acquisition deal of the market data provider Refinitiv last year for which it needed to liquidate all the stakes in Boursa Italiana. Additionally, the group agreed to acquire identity verification data platform Global Data Consortium, the financial technology firm, TORA, and Quantile, a portfolio and margin services provider.

“The demand for high quality low latency data has never been greater. LSEG’s global scale and established position will enable us to better serve customers and offer innovative solutions to support trading and investment decisions,” said MayStreet’s Co-Founder and CEO, Patrick Flannery.