SOURCE: BSO

BSO

September 07, 2016 22:00 ET

BSO's New 'Mumbai Connect' Enables India's High Growth HFT Community

Offers Dependable Ultra Low Latency Connectivity In/Out of India to Global Markets

LONDON, UNITED KINGDOM--(Marketwired - Sep 7, 2016) -  BSO, the global Ethernet network, cloud and hosting provider, announces the launch of 'Mumbai Connect', an ultra low latency service that offers ultra-fast, flexible connectivity in/out of India to major global markets. 'Mumbai Connect' addresses the growing demand from high frequency traders (HFTs) in India where high-frequency and algorithmic transactions have grown from single digits to about 40 percent of total volumes over the past five years, according to Aite Group, a Boston-based consulting firm. An alternative to regional operators, the service is backed by BSO's distinctive, client-led approach to support and led by a multi-lingual, multi-cultural team that understands the unique intricacies of the Mumbai market.

'Mumbai Connect' enables clients in India's top financial data centre, Bandra Kurla Complex (BKC), with ultra low latency routes through major financial hubs that include:

BKC, Mumbai -- Equinix LD4, London - 109 ms RTD
BKC, Mumbai -- DGCX, Dubai - 28.4 ms RTD
BKC, Mumbai -- Aurora DC3 (access CME), Chicago - 176.95 ms RTD
BKC, Mumbai -- SGX, Singapore - 54.6 ms RTD

Beyond the company's presence in BKC, BSO's network also connects the Multi Commodity Exchange of India (MCX) and the Bombay Metal Exchange (BME) in Mumbai. Over 20 Indian Brokerages and Proprietary Trading firms have migrated to BSO's network services in the last 24 months.

'Mumbai Connect' is part of BSO's ongoing effort to further expand the company's world-class services into emerging markets across Europe, the Middle East and Asia. BSO does not take a standard approach to each market like other telecoms providers, but rather supports clients with a team that takes careful consideration of local IT challenges, customs, regulations and cultural differences to create a flexible and adaptable network solution.

"India has the highest proportion of high-frequency and algorithmic transactions in the developing world, and BSO is filling the need for a network provider with the local knowledge and superior infrastructure to help companies maximize their trading opportunities," says Michael Ourabah, CEO at BSO. "At BSO we recognize that each emerging market that we serve has unique needs and we have responded by developing a multi-faceted team that can ease the IT challenges and pain points in the diverse Mumbai market. This approach is one of the many ways we are redefining connectivity in the telecoms industry."

About BSO

BSO is the Ethernet network, cloud and hosting provider of choice for global businesses wanting superior technology infrastructure and connectivity to the world's most dynamic marketplaces. The company pioneers technology across emerging and established markets, designing solutions that offer the highest availability and lowest latency in the industry. Headquartered in London, BSO's global network reaches every continent and spans 20 countries with 88 data centre locations.

BSO is redefining connectivity through best-in-class services, global knowledge base and a unique approach to the customer experience. The company continually strives to innovate and invest in its own services to ensure its solutions evolve in parallel with the finance community. For more information, please visit www.bsonetwork.com. Follow BSO on Twitter and LinkedIn.

Contact Information

  • BSO Media Contact:
    Jaymie Scotto & Associates
    +1.866.695.3629 x 17
    Email Contact