The London Stock Exchange is the world's most international stock exchange and the largest equity market in Europe. Its information services are a key component of the services it offers for investors and public companies. There are currently over 100,000 terminals installed in more than 100 countries worldwide that offer access to the exchange's data, providing the exchange with a significant revenue and distribution channel.
Historical market data provides an important source of intelligence for investors, and the exchange realized it could deepen the services it offers by providing up-to-date access to this information. In order to offer these new services the Exchange intends to add to its current system architecture by consolidating a number of disparate data silos.
"We have a huge wealth of historical data at the exchange that offers investors and third-party data providers an invaluable source of market intelligence. However, we need to develop our information infrastructure further to exploit the value of this data," commented David Lester, chief information officer of the London Stock Exchange.
"With the demands for up-to-date access to both historical and value-added, real-time trading data, we needed a proven, scalable data warehousing technology. Teradata demonstrated that its technology both satisfied these demands and offered operational costs savings on our existing infrastructure."
Dan Harrington, vice president for Northern Europe at Teradata, added, "We are proud to be associated with such a prestigious institution as the London Stock Exchange. The exchange's plans for new information services demand a scalable, high-performance data warehousing architecture, and it is a real testament to our technology that it has been chosen by the organization. We look forward to working with the exchange and Accenture to deliver new products and services."
