8 December 2020
Press Release: BSO Creates Bespoke Ultra Low Latency Cloud Connectivity Service for CryptoStruct GmbH
Using BSO’s global network, CryptoStruct simplifies how professional traders connect to, analyse and trade on cryptocurrency markets.
8 December 2020
BSO, the leading global telecoms operator powering the digital age, has delivered a unique ultra low latency connectivity service for CryptoStruct. This bespoke cloud-to-cloud service underpins CryptoStruct’s professional market data platform.
Based in Hamburg, CryptoStruct centralises and normalises crypto market data from multiple exchanges. This unrivalled insight enables professional and institutional traders to react to market trends in real-time, conduct historical analysis, and trade faster and safer.
Thomas Schmeling, Chief Executive Officer at CryptoStruct:
“We engaged BSO because of its global reach, reputation for ultra-low latency connectivity, and experience in highly regulated financial markets. These qualities have proven true; however, it is the company’s pace and flexibility that have stood out to us again and again.”
“BSO engineered an entirely unique service for our specific requirements. Exchanges often change their cloud hosting without warning, so it is critical that we have a network partner that can react as rapidly as we do. BSO was the only provider capable of matching our pace and specific needs.”
Michael Ourabah, Chief Executive Officer at BSO:
“Innovation runs through our DNA and BSO’s heritage of empowering market makers is once again on show with this exciting partnership. CryptoStruct simplifies how traders access this dynamic asset class with a high-trust, robust solution built on market-leading infrastructure. I am proud of how our team rose to the challenge and delivered a world-first, industry-beating service.”
CryptoStruct’s team have decades of experience in low latency high frequency trading (HFT) and market making. The company is a subsidiary of SSW Holding GmbH and a group member of SSW Trading, one of Europe’s largest HFT firms and market makers.
BSO’s cloud-to-cloud service connects CryptoStruct to exchanges hosted in Dublin, Tokyo and Singapore using its low latency backbone while also providing it with the necessary global reach to onboard new exchanges as soon as they come online.
BSO is a global telecoms operator powering the digital age. 15 years of innovation, independence and pioneering spirit underpin its customer relationships – trusted partnerships with technology-empowered companies that are embracing global opportunities, scaling rapidly and outperforming competitors.
From trading firms at finance’s bleeding edge to high-growth businesses where network performance, reach, diversity and exceptional 24/7 support define success, BSO delivers every time. One of the world’s largest privately-owned telecom companies by PoP count. An unrivalled international footprint. Extensive expertise in difficult-to-access regions and emerging markets. A team listening intently to every customer’s unique needs. A broad spectrum of shared and dedicated services, unmanaged to fully managed. An uncontested consulting-led approach.
This bespoke intelligent infrastructure, incomparable speed, unmatched service, experience and state-of-the-art technology is what makes BSO a passionate partner rather than a transactional provider. www.bsonetwork.com
CryptoStruct is a Hamburg-based start-up, founded in late 2019, but with many years of experience in algorithmic stock exchange trading. It develops software for automated trading of cryptocurrencies and derivatives. Its target groups are professional trading companies, market makers, banks, and investment funds from all over the world.
A significant challenge in this area is the variety of protocols, APIs, and closed systems. CryptoStruct converts them to a normalised format in real-time and provides a unified interface. The market data is offered at various endpoints all over the world to allow the lowest possible latency.
With its product, the user can develop, test, and run their automated trading strategies within a short time. It offers its customers a fully comprehensive solution for trading, analysis, controlling, documentation, and compliance. The user can fully concentrate on the development and monitoring of their trading strategies.
Its system is based on cloud services and can be scaled quickly and cost-effectively. This enables it to react promptly to market changes.