London Stock Exchange Group (LSEG) has agreed to acquire a market data solutions provider for an undisclosed fee.

MayStreet provides global low latency technology and market data to over 65 industry participants including banks, asset managers, and hedge funds.

The company has an existing commercial partnership with LSEG to support their Real-Time direct feed offering. MayStreet has also been a market data provider to the SEC’s Market Information Data Analytics System since 2019.

The acquisition will enhance LSEG’s Enterprise Data Solutions business, expanding and complementing their existing real-time feeds and market data value proposition across the latency spectrum with a global low latency network of over 300 cross-asset, exchange and trading venue feeds.

Andrea Remyn Stone, group head, data & analytics at LSEG, said: “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 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.”

“We are delighted to be joining LSEG at an exciting time for the market. The demand for high quality, low latency data has never been greater,” Patrick Flannery, chief executive and co-founder of MayStreet said.

“LSEG’s global scale and established position will enable us to better serve customers and offer innovative solutions to support trading and investment decisions,” he added.

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