London Stock Exchange Group (LSEG) has announced a new multi-year partnership with British universal bank Barclays to provide the latter with its data, insights and capabilities, workflow solutions, and feeds.

The broad range of capabilities are expected to help Barclays across the whole ecosystem of businesses to improve delivery for customers and clients.

Through the partnership, LSEG also seeks to support and prepare Barclays for the next generation in financial services.

With the multi-year agreement, LSEG’s products and services will be available across Barclays, including in capital markets, investment banking, wealth and private banking, and retail.

Barclays Bank president and corporate and investment bank global head Paul Compton said: “LSEG is a long-term client and partner to Barclays and this engagement will see us working together to enhance existing offerings and develop new and innovative products and services.

“Continuing this relationship will maximise how we deliver results for clients globally, accelerate our digital transformation and advance our goals of consolidating relationships with a smaller number of global strategic market data vendors.”

As part of the new collaboration, LSEG will also extend its assistance to Barclays for its digitalisation journey, cloud adoption, and enhancement of customer platform.

LSEG sales and account management group head Ron Lefferts said: “We are delighted to have signed a new multi-year agreement with Barclays.

“They have been a long-standing, highly valued customer for a number of years and the strategic partnership will see us work together across a broad range of global, multi-asset class products and services.”

Barclays is also in talks with LSEG and Microsoft to join their Design Partner Programme.

The programme aims to gather and analyse data and insights from clients along with validating product concepts to bring real and meaningful customer solutions to the market.

It is currently being established after the announcement of the 10-year partnership between LSEG and Microsoft in 2022.

In December 2022, LSEG agreed to take full ownership of risk management firm Acadia to bolster its multi-asset post trade offering for the uncleared derivatives segment.