Standard Chartered Adopts LSEG Multi-Asset Data Across Corporate and Investment Bank
What Does the Agreement Cover?
London Stock platform Group has signed a multi-year collaboration agreement with Standard Chartered under which the bank will adopt LSEG’s multi-asset data, news and analytics across its corporate and investment banking operations.
The arrangement gives Standard Chartered enterprise-wide access to LSEG’s content and infrastructure, consolidating market data services that were previously spread across multiple vendors and internal systems. The bank will move to a unified model for rights management, data delivery and entitlement controls, replacing fragmented access pathways with a single governance framework.
The integration spans markets, risk, finance and wealth functions, embedding LSEG data across trading desks, valuation engines, regulatory reporting systems and client-facing analytics tools. The goal is to standardise how content is accessed, monitored and licensed across front-to-back workflows.
“This agreement gives our teams a single, governed pathway to high-quality multi-asset class content,” Mark Price, chief operating officer of corporate and investment , said in a statement. “Consolidating access and entitlements will assist us simplify our data landscape, enhance controls and deliver new client value, quicker.”
Investor Takeaway
How Does This Fit Into LSEG’s Post-Refinitiv Strategy?
The deal builds on LSEG’s transformation following its $27 billion acquisition of Refinitiv in January 2021. That transaction expanded LSEG’s footprint from platform operations into global financial data distribution, adding platforms such as Refinitiv Eikon, Elektron data feeds, pricing services, FXall trading and risk analytics.
Since then, LSEG has leaned more heavily on recurring subscription income tied to data and analytics rather than transaction-based platform revenues. Multi-year agreements with large banks provide revenue visibility and embed LSEG systems deeper into client infrastructure.
Gianluca Biagini, group co-head of data and analytics at LSEG, said the company would provide broad asset-class coverage and flexible delivery channels. “With transparent usage rights and delivery via feeds, APIs and cloud channels, we’ll support the Bank’s efficiency today — and its future innovation,” Biagini said.
Enterprise agreements also make vendor replacement more complex. Once pricing data, analytics and reference feeds are wired into valuation engines and regulatory reporting systems, switching providers becomes operationally costly.
Why Are Banks Consolidating Data Vendors?
For Standard Chartered, which operates across Asia, Africa, the Middle East and Europe, consolidation addresses regulatory and operational pressures that have intensified over the past decade. Supervisors in the UK, Hong Kong and Singapore have placed increasing focus on data lineage, auditability and entitlement controls, particularly in risk aggregation and valuation processes.
Fragmented vendor environments can create gaps in audit trails and complicate compliance with capital and conduct rules. Under the agreement, Standard Chartered will enhance its internal catalogue and data lineage oversight, centralising how external content is mapped from source to downstream application.
The competitive backdrop is also relevant. LSEG and Bloomberg dominate global , and banks are increasingly negotiating enterprise-scale arrangements rather than desk-level terminal contracts. API and cloud-based delivery models align with the migration toward centralised data lakes and integrated risk platforms.
Investor Takeaway
What Does This Mean for the Financial Data Market?
The Standard Chartered agreement follows similar partnerships announced by LSEG with and Citi, both of which involve broad deployment of data and analytics services. Taken together, the deals reflect a competitive push to integrate pricing, analytics and reference data directly into rather than relying solely on desktop terminals.
For Standard Chartered, the consolidation fits within a wider technology simplification programme inside its corporate and investment bank, which contributes a substantial share of group income. Rationalising vendor contracts and entitlements can reduce overlapping licensing costs while strengthening oversight of usage rights.
Financial terms of the agreement were not disclosed. The broader trend, however, is clear as global banks are reassessing how they source and govern market data as regulatory scrutiny intensifies and infrastructure becomes more integrated.
