US tech titan Microsoft has announced a 10-year partnership with the London Stock Exchange Group.

As part of the partnership, Microsoft purchased nearly a 4% stake.

The partnership will involve next-generation data and analytics, along with cloud computing products, according to LSEG.

Also included is a new data infrastructure for the LSEG and analytics and modeling solutions with Microsoft Azure, AI, and Teams.

David Schwimmer, CEO of LSEG, said in a statement, “This strategic partnership is a significant milestone on LSEG’s journey towards becoming the leading global financial markets infrastructure and data business and will transform the experience for our customers.”