London Stock Exchange Group opens new tech facility in Sri Lanka

Dec 06, 2016 (LBO) – London Stock Exchange Group (LSEG) yesterday announced the opening of its new state-of-the-art technology facility in Sri Lanka. Headquartered in the TRACE Expert City precinct of Colombo, the new technology hub was opened by the Prime Minister of Sri Lanka, Ranil Wickremesinghe and LSEG Chairman, Donald Brydon. A delegation including the Megapolis & Western Development Minister Patali Champika Ranawaka, the Finance Minister Ravi Karunanayake and CEO of LSEG Xavier Rolet attended the opening event. Chairman of LSEG Donald Brydon said the group wants to be a part of Sri Lanka’s future technology development. “I’m delighted today to join the Prime Minister of Sri Lanka for the opening of our new technology facility, which will provide the best and brightest technology talent in the country with the opportunity to join a truly global markets infrastructure business,” “Given our long history and very successful experience of working in Sri Lanka, it is the natural destination for LSEG’s new business services technology division,” “We would like to thank the government of Sri Lanka for their support in this venture and look forward to further developing a world leading technology hub in the country.” LSEG will directly employ 400 personnel in high-technology jobs, with an additional 1,200 employed indirectly. These employees will be tasked with providing technical support services for the Group's global network. London Stock Exchange Group has extensive experience of working in Sri Lanka through its global trading and technology business, MilllenniumIT, based in Colombo and Malabe. LSEG is an international markets infrastructure business and a leading developer and operator of high performance technology solutions, including trading, market surveillance and post trade systems for over 40 organisations and exchanges, including the Group’s own markets. Additional services include network connectivity, hosting and quality assurance testing. MillenniumIT, GATElab and Exactpro are among the Group’s technology companies.