London, 19 January 2024, (Oilandgaspress): – LSEG (London Stock Exchange Group) announces the opening of its Technology Centre of Excellence in Hyderabad, India, a key step in the company’s global expansion efforts. The facility aims to spearhead new product and service development by prioritising low-latency technology development and capitalising on the local startup ecosystem.
Irfan Hussain, Chief Information Officer, LSEG, said:
“We are delighted to open our new Technology Centre of Excellence in Hyderabad. It will play an important role in enabling us to deliver best-in-class products that our customers require and to become a leading provider of engineering solutions to the global financial ecosystem. We will harness the region’s engineering expertise and aim to hire more than 1000 engineers and professionals by the end of 2025.”
LSEG’s new centre is situated in Hyderabad’s HITEC City and currently hosts 300 professionals in various roles. It supports the Group’s business divisions and Corporate Technology, leveraging the partnership with Microsoft. It will focus on low-latency technology, functioning as an innovation hub in collaboration with local startups, with a special emphasis on Generative AI and Data Sciences. The centre will leverage the city’s robust technical education offerings and its focus on Cloud Security, DevOps, and ERP, aligning with LSEG’s objectives.
The centre is a Build-Operate-Transfer partnership with Tata Consulting Services (TCS) to attract and nurture talent. TCS brings to the table a wide range of engineering training, fast logistics to market, and robust infrastructure.
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