LSE transfers IT contracts for security

The London Stock Exchange (LSE) has begun transferring 150 outsourced IT service delivery staff from partner Accenture to its own workforce

The London Stock Exchange (LSE) has begun transferring 150 outsourced IT service delivery staff from partner Accenture to its own workforce.

The 150 workers have vital knowledge, which the LSE wants to secure for the future, according to an LSE spokesman.

“Our four year technology road map completes on June 18 when Tradelect goes live and we felt this was time to review how we source our technology going forward,” he said. “There will be very little practical change because many of the Accenture staff have been with us for years and we are just transferring contracts.”

Accenture will continue to work on software development for the exchange, and has signed a new contract for this area lasting until 2010.

The spokesman said that by bringing the staff in-house the LSE will secure the knowledge for the future.

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