Technology provider FIA Tech has developed its partnership with LSEG’s data and analytics business to facilitate reference data-sharing for mutual clients.
Following the agreement, LSEG is now part of FIA Tech’s Databank Network. This initiative aims to simplify the use of reference data and analytics, creating a global network of independent software vendors, exchanges, clearing houses and other data providers.
The Databank Network currently includes reference data from more than 80 exchanges and central counterparties and is used in indexes including MSCI, S&P and STOXX.
Andrew Castello, head of reference data at FIA Tech, comments: “Having LSEG join the Databank Network is a major milestone not just for FIA Tech, but also for the futures industry as a whole.
“This industry is continuously pushing firms to help reduce costs, create efficiencies and challenging the existing post-trade workflow. Together, LSEG and FIA Tech are working to improve our joint clients’ trade workflow activities.”
