London Stock Exchange to build market data warehouse

London Stock Exchange to build market data warehouse

The London Stock Exchange is to deploy a Teradata real-time data warehouse from NCR in a bid to increase the depth and speed of delivery of historical market data services to users.

The exchange, which provides market news to investors via a worldwide network of 100,000 terminals, is to use the Teradata warehouse to consolidate a number of disparate data silos.

David Lester, chief information officer of the London Stock Exchange, comments: "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."

The Teradata solution will be implemented for the Exchange by Accenture, the Exchange's systems integration partner.

Accenture acted in a similar role for Visa EU, which is building a new data warehouse to aggregate and deliver information to banks on consumer spending patterns.

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