LSEG extends Broadcom cloud deal for VMware platform

London Stock Exchange Group and Broadcom have extended their technology partnership with a new five-year agreement centred on VMware Cloud Foundation, expanding LSEG's use of the software as part of its multi-cloud strategy.

LSEG has used VMware software across parts of its technology stack for more than a decade. The renewed agreement broadens its use of VMware Cloud Foundation to support parts of the group's private cloud platform.

Broadcom will also provide professional services to help deploy VMware Cloud Foundation 9 across LSEG's environments. The software is intended to provide a consistent private cloud platform for workloads spanning traditional and newer applications.

The agreement covers infrastructure used in LSEG's tightly regulated market operations. It is intended to support resilience, security, operational efficiency and greater automation over time.

The renewal sits alongside LSEG's existing cloud partnerships, reflecting a strategy that combines private cloud systems with other cloud arrangements rather than relying on a single provider.

Private cloud

For LSEG, the new agreement signals continued investment in private cloud infrastructure for functions that require close control over performance and security. Financial market operators face strict requirements around uptime, data handling and operational stability, which often shape decisions about how and where systems are run.

That helps explain why infrastructure choices remain central for exchange and market services groups. Operators of trading, clearing, data and risk systems must maintain continuity while updating platforms to support changing customer demands and new internal workloads.

Andrew Knight, Chief Information Officer, Infrastructure and Cloud at LSEG, said the extended use of the technology would support those aims.

"Extending our use of VMware Cloud Foundation supports an engineered private cloud for our operations, while giving us the flexibility to support new services and workloads as our technology needs evolve," Knight said.

Long relationship

The latest deal builds on a relationship of more than 10 years. Over that period, VMware products have formed part of LSEG's broader technology stack, and the new agreement formalises a deeper commitment to the current cloud infrastructure platform.

Since acquiring VMware, Broadcom has sharpened its focus on infrastructure software, with large corporate and institutional users among the key customers for the cloud platform. The LSEG agreement gives it a reference customer in one of the most heavily supervised areas of financial infrastructure.

Luigi Freguia, President, EMEA Sales at Broadcom, linked the agreement to the demands of running critical market systems.

"LSEG operates important market infrastructure, where reliability and performance really matter," Freguia said. "This new five-year agreement reflects the Group's confidence in VMware Cloud Foundation to support those demands, providing a secure and resilient platform that can evolve as market needs change."

LSEG is one of the world's largest financial markets infrastructure and data groups, with operations in 65 countries and more than 26,000 employees. More than half of its workforce is based in Asia Pacific.

Its role spans data and analytics, indices, capital formation, trade execution, clearing and risk management across several asset classes, making the resilience of its underlying technology a core operational issue.

Under the renewed arrangement, VMware Cloud Foundation 9 is set to play a larger role in the systems supporting that infrastructure across LSEG's private cloud estate.