LSEG Enters Strategic Partnership to Deliver Data Directly to Databricks

LSEG has formed a strategic partnership with data and AI company Databricks, which will see the firm deliver its data natively via Databricks’ open-source data sharing approach, Delta Sharing.  According to a story in The Trade news, the offering is set to allow firms to combine raw tick history or reference data with their enterprise data, to then efficiently build and launch AI production agents to aid investment analytics, risk management and trading workflows. The launch is expected to allow financial teams to speed up decisions and innovation, and address challenges such as keeping up with market changes and using slower and more costly batch-based data delivery.  Specifically, the collaboration will initially launch with LSEG’s divisions of Lipper Fund data and analytics and cross-asset analytics, including historical analytics, with extensive additional trusted data spanning pricing, reference data, models, fundamentals, estimates, economics and tick history set to follow at a later date.