8 September 2016
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.
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’ 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*
*Latencies correct as of 08/09/2016.
‘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.
Over 20 Indian Brokerages and Proprietary Trading firms have migrated to BSO’s network services in the last 24 months.
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.
‘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 maximise their trading opportunities,” says Michael Ourabah, CEO at BSO.
“At BSO we recognise 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.”