DGCX Strikes Partnership to Cut Latency to the Middle East

The Dubai Gold and Commodities Exchange (DGCX) has announced a partnership with global network, Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term and Hosting Hosting Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Read this Term provider, BSO Network Solutions. The strategic endeavor behind the deal is for clients of the exchange to get a much faster access to the marketplace.

Clients will have access to BSO Network Solutions's range of specialist connectivity services, including Market Data Connect. The solution aims to secure access to valuable market data without the need for a dedicated connection.

Commenting in the announcement, Michael Ourabah, CEO at BSO Network Solutions, said, “The partnership also acts as a major competitive differentiator for trading firms interested in widening their portfolios.”

The partnership is likely to boost DGCX's market proposition. Having a network provider which is aligned with the exchange and works on constantly optimizing network routes for the benefit of its clients is a must for any exchange, especially in a region which is somewhat challenged when it comes to latency.

The DGCX also now possesses the capability to significantly increase the trading volumes it can handle, playing an important role in the attractiveness of its offering to global financial institutions.

The Chief Technology Officer at DGCX, Basab Banerjee, explained, “We recognised the need for a network partner with the capability to provide both the lowest latencies in the market, as well as an extremely high level of service.”