London Stock Exchange Group opens new technology facility in Sri Lanka
- Prime Minister of Sri Lanka opens new LSEG technology facility
- Will directly employ 400 highly trained personnel
- State-of-the-art facility to support LSEG’s global technology operations
London Stock Exchange Group (LSEG) today announces the opening of its new state-of-the-art technology facility in Sri Lanka. Headquartered in the TRACE Expert City precinct of Colombo, the new technology hub was opened by the Prime Minister of Sri Lanka, Ranil Wickremesinghe and LSEG Chairman, Donald Brydon. A delegation including the honourable Patali Champika Ranawaka MP, Minister of Megapolis & Western Development, the honourable Ravi Karunanayake MP, Minister of Finance and Xavier Rolet, CEO of LSEG attended the opening event.
LSEG will directly employ 400 personnel in high-technology jobs, with an additional 1,200 employed indirectly. These employees will be tasked with providing technical support services for the Group's global network. London Stock Exchange Group has extensive experience of working in Sri Lanka through its global trading and technology business, MilllenniumIT, based in Colombo and Malabe.
LSEG is an international markets infrastructure business and a leading developer and operator of high performance technology solutions, including trading, market surveillance and post trade systems for over 40 organisations and exchanges, including the Group’s own markets. Additional services include network connectivity, hosting and quality assurance testing. MillenniumIT, GATElab and Exactpro are among the Group’s technology companies.
Donald Brydon, Chairman, LSEG said:
“I’m delighted today to join the Prime Minister of Sri Lanka for the opening of our new technology facility, which will provide the best and brightest technology talent in the country with the opportunity to join a truly global markets infrastructure business. Given our long history and very successful experience of working in Sri Lanka, it is the natural destination for LSEG’s new business services technology division. We would like to thank the government of Sri Lanka for their support in this venture and look forward to further developing a world leading technology hub in the country”.
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For further information:
Ed Clark +44 (0)20 7797 1222
Shanaka Abeywickrama +94 (0)112 416518
Notes to editors:
About London Stock Exchange Group:
London Stock Exchange Group (LSE.L) is an international markets infrastructure business. Its diversified global business focuses on capital formation, intellectual property and risk and balance sheet management. LSEG operates an open access model, offering choice and partnership to customers across all of its businesses. The Group can trace its history back to 1698.
The Group operates a broad range of international equity, ETF, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS (Europe's leading fixed income market); and Turquoise (a pan-European equities MTF). Through its platforms, LSEG offers market participants, including retail investors, institutions and SMEs unrivalled access to Europe’s capital markets. The Group also plays a vital economic and social role, enabling companies to access funds for growth and development.
Through FTSE Russell, the Group is a global leader in financial indexing, benchmarking and analytic services with approximately $10 trillion benchmarked to its indexes. The Group also provides customers with an extensive range of real time and reference data products, including SEDOL, UnaVista, XTF and RNS.
Post trade and risk management services are a significant part of the Group’s business operations. In addition to majority ownership of LCH, a multi-asset global CCP operator, LSEG owns CC&G, the Italian clearing house; Monte Titoli, a leading European custody and settlement business; and globeSettle, the Group’s CSD based in Luxembourg.
LSEG is a leading developer and operator of high performance technology solutions, including trading, market surveillance and post trade systems for over 40 organisations and exchanges, including the Group’s own markets. Additional services include network connectivity, hosting and quality assurance testing. MillenniumIT, GATElab and Exactpro are among the Group’s technology companies.
Headquartered in the United Kingdom, with significant operations in North America, Italy, France and Sri Lanka, the Group employs approximately 3,500 people.
Further information on London Stock Exchange Group can be found at www.lseg.com