The LSE has created and launched a new, accessible data portal through which traders and analysts, and any other interested parties, can purchase unique LSE data sets or license LSE data products, via a dedicated website.
Market data is an increasingly important and valuable resource
The LSE Group moved beyond being just an exchange operator with its 27-billion dollar purchase of Refinitv, from Thomson Reuters, in 2021.
A move which made the group a globally important player in the provision of market data, infrastructure and analytics.
Refinitv is best known for the Eikon Terminal. A professional market data and trading platform that offers financial news in 15 languages, and a messaging system that connects 30,000 firms and their traders across 180 countries.
A new self-service data portal
Now, however, the London Stock Exchange is making its data more accessible to everyone, not just financial pros, through the launch of its new Market Data Portal.
The new portal is described by the LSE as “a self-service platform” through which you can licence LSE data products or purchase historical data sets from the LSE, and its Turquoise and TRADEcho products.
Turquoise operates two MTFs or multi-lateral trading facilities for European, Emerging Market and US equities, whilst TradEcho is a suite of trade reporting and data capture tools with a focus on OTC and off-market trades.
Build and backtest
Market data is becoming increasingly important to traders, particularly those who are looking to build and backtest algorithmic trading tools and systems.
An area that is no longer the preserve of institutions and pro-traders. Retail traders, who can code in languages like python, are increasingly building their own bespoke tools and systems.
Market Data Portal users will be able to buy and download a wide range of data sets, including tick history, best price and volume, and end-of-day summaries.
The LSE has come in for criticism recently as a number of UK-listed companies, and those looking to IPO, have considered switching to the US.
The availability and accessibility of market data are seen as being instrumental in supporting a greater interest in the stock market among US investors and savers than the UK currently enjoys.
By launching the new data portal the LSE hopes to partially close the gap with its transatlantic rivals.
With over 35 years of finance experience, Darren is a highly respected and knowledgeable industry expert. With an extensive career covering trading, sales, analytics and research, he has a vast knowledge covering every aspect of the financial markets.
During his career, Darren has acted for and advised major hedge funds and investment banks such as GLG, Thames River, Ruby Capital and CQS, Dresdner Kleinwort and HSBC.
In addition to the financial analysis and commentary he provides as an editor at GoodMoneyGuide.com, his work has been featured in publications including Fool.co.uk.
As well as extensive experience of writing financial commentary, he previously worked as a Market Research & Client Relationships Manager at Admiral Markets UK Ltd, before providing expert insights as a market analyst at Pepperstone.
Darren is an expert in areas like currency, CFDs, equities and derivatives and has authored over 260 guides on GoodMoneyGuide.com.
He has an aptitude for explaining trading concepts in a way that newcomers can understand, such as this guide to day trading Forex at Pepperstone.com
Darren has done interviews and analysis for companies like Queso, including an interview on technical trading levels.
A well known authority in the industry, he has provided interviews on Bloomberg (UK), CNBC (UK) Reuters (UK), Tiptv (UK), BNN (Canada) and Asharq Bloomberg Arabia.
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