19 October 2017
LUCERA BANKS ON BSO TO BOOST TRADING ACCESS TO LEADING FX HUBS
Leading market infrastructure provider Lucera has selected our Chicago-New York-London-Tokyo connectivity route to expand its global FX trading reach, as trading volumes start to rise.
The agreement combines Lucera’s on-demand Software Defined Network (SDN) with our ultra low-latency circuit, enabling electronic traders to seek out new sources of FX trading flow and access the major currency regions faster.
With average daily currency volumes reaching a 10-month high in September, the added low-latency access provides Lucera’s clients, which include major investment banks, electronic market makers and hedge funds, with the best possible chance of tapping into available liquidity.
Commenting on the partnership, Peter Durkan, CEO of Lucera, said:
“Getting circuits up and running more quickly provides our clients with access to liquidity much faster than would normally be possible. It was so important that our chosen provider not only had a strong U.S network footprint, but also a reputation for delivering high quality managed services support across the region.
BSO’s ability to get network circuits in place promptly was key to our decision, as this has translated into improved trading performance for our FX clients.”
Fraser Bell, our Chief Revenue Officer, added:
“With FX volumes picking up last month, speed of information and execution becomes even more important to traders competing for access to new pools of liquidity.
Thanks to our widely adopted FX triangle, Lucera’s clients can quickly and cost-effectively connect to the major currency hubs. With their unrivalled Global SDN allowing rapid provisioning of connectivity to traders, Lucera is the ideal partner for BSO.”
Lucera’s adoption of the Chicago-New York-London-Tokyo route reinforces our position as the leading FX connectivity provider across established markets.
Simultaneously, we continue our commitment to being the leading low-latency supplier to emerging markets – following the expansion of our FX trading circuit across Asia earlier this year.
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