The London Stock Exchange’s Market Data Team completes Avado’s Data Analysis Apprenticeship

About The London Stock Exchange Group

The London Stock Exchange Group (LSEG) is a growth engine that gives companies the ability to both raise capital and find investors to help build their portfolios in markets around the world.

At the London Clearing House (LCH) within the LSEG, the Market Data Team gathers varied information about companies primarily via two providers: Refinitiv and Bloomberg. Both services are expensive, and a lot of the information gathered is fixed.

Jamie McConaghy, a Senior Developer on the Market Data Team, realised there was room for improvement when it came to their current approach to gathering data.

This was an ongoing issue for the Team, but it was repeatedly put on the back burner, because there wasn’t an obvious way to reduce the cost of the data gathering.

How Avado’s apprenticeship addressed the LCH’s challenge

When Jamie began Avado’s Data Analyst Apprenticeship, he was given a chance to bring a cost-reduction strategy to the top of his list. He looked at the data gathered over a one-month period and did a time series analysis to determine which data sets they could ask for once, and then never request again.

Although Jamie was already very familiar with Excel, the skills he acquired from the apprenticeship, particularly how to handle big sets of data, helped him streamline that cost analysis.

How Jamie’s apprenticeship projects delivered results

Using what he learned during his apprenticeship, Jamie was able to determine that the LSEG could save a substantial, six-figure amount of money.

Apart from those considerable savings, Jamie is working on two other projects. The first will help forecast and predict issues before they arise, ensuring the LSEG’s systems are working as well as they can be. The second is about determining the efficiency of those systems.

Thanks to Avado’s Data Analysis Apprenticeship, Jamie was able to gather more tools and knowledge to complete these projects, and he has the space to be more thorough in his work.

 

About Avado

At Avado, we believe in unlocking potential and changing lives. Learning with us makes real, lasting change happen for individuals, and entire organisations. Through our connected learning experiences in Data, Marketing, People, and Agility, we can help you drive real change.

Going beyond just technical skills, our award-winning programmes help teams find success in an ever-evolving world. With a strong emphasis on the behavioural and mindset shifts needed to embed new capabilities, we’ll work together to develop leaders, teams and individuals through interactive learning experiences.

Tara MacInnis

Posted December 13, 2021