First client goes live with direct real-time data reporting service

First client goes live with direct real-time data reporting service

  • UBS now directly reporting global real-time terminal inventory
  • LSEG adopts policy change following successful pilot scheme
  • Offers greater flexibility for customers

London Stock Exchange Group [or "Group"] today announced that leading international bank UBS AG, has become the first client to begin directly reporting its global real-time terminal inventory to the Group.

Today's announcement follows LSEG successfully piloting a ‘direct reporting' initiative with a number of proactive clients, allowing them to report their usage of London Stock Exchange and Borsa Italiana data directly to the Group, in addition to continuing to report through market data vendors.

Commenting on the initiative, Robert Barnes, Managing Director, Equities at UBS, said:

"London Stock Exchange now offers a per-user data model that is administratively easy and commercially efficient. The enterprise framework, scalable and flexible, is consistent with best practice examples worthy of promotion world-wide."

Jarod Hillman, Head of Real-Time Data at London Stock Exchange Group, said:

"The success of this pilot scheme means that we now expect a number of clients to follow UBS AG's lead in entering into direct data reporting agreements for their London Stock Exchange and Borsa Italiana terminal usage. We have clear, rigorous criteria that customers must meet first, demonstrating adequate internal controls to entitle, monitor and report their usage, then we are ready to onboard them. We will also look to work with trade associations that represent other exchanges, our vendor partners and end users to help establish industry standards around this practice."

Following the successful pilot, earlier this month the Group announced the launch of a new market data agreement, giving customers the benefits of:

  • reporting directly to LSEG all their global internal display usage of London Stock Exchange and Borsa Italiana data, regardless of how it is sourced;
  • adopting a user-based ‘unit of count', allowing firms to only pay one set of exchange fees for an internal user who receives the same data from two, or more, sources;
  • achieving greater flexibility when implementing real-time market data solutions, by removing the cost of paying new additional exchange fees for each new data source.

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For further information, please contact:

Alastair Fairbrother Press Office +44 (0)20 7797 1222

About London Stock Exchange Group:

London Stock Exchange Group (LSE.L) sits at the heart of the world's financial community. The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and Turquoise, offering pan-European and US lit and dark equity trading. Through its markets, the Group offers international business unrivalled access to Europe's capital markets.

The Group is a leading developer of high performance trading platforms and capital markets software and also offers its customers around the world an extensive range of real-time and reference data products and market-leading post-trade services.

Headquartered in London, United Kingdom with significant operations in Italy and Sri Lanka, the Group employs around 1500 people. Further information on London Stock Exchange Group can be found at