Connectivity Provider BSO Opens New Office in Dubai

One of the most popular 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 and cloud solutions providers in the FX industry, BSO, has announced the opening of a new office in Dubai. The company is aiming to facilitate the delivery of its services in the Middle East and beyond.

The firm has found a lucrative market in the UAE, as commodities and currency trading has been gaining popularity amongst institutional investors in the region in recent years. The global network provider will have a team on the ground in Dubai. The company aims to provide regional support and connect businesses in the region to its services more effectively.

Beyond the Middle East

The clients of BSO in the Middle East can access the service in a more direct way, relying on the assistance from a local office. At the same time, a number of Dubai-based proprietary trading shops are also looking for easier access to markets in and outside of the region.

BSO’s expansion in Asia includes a number of clients across the Eastern emerging markets including India, China, Taiwan and Singapore. The cloud provider is looking to establish a presence in the UAE with a central hub for its activity closer to such key markets.

The service that is located on-the-ground has a local presence that provides additional resources to BSO’s Market Data Connect service. The service enables traders to access pricing data without needing to have a presence in the Dubai Gold & Commodities Exchange, DGCX.

Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term Uncertainty Prompts Diversification

Apparently, the fallout from Brexit is set to reshape the financial industry not only in Europe but also across other regional hubs. The company’s management has focused on Dubai as a key location between Europe and Asia.

“With so much uncertainty surrounding the UK’s future access to European financial markets, the UAE could well benefit as a key midway point hub between Europe and Asia. With more exchanges, such as DGCX, widening the scope of their offerings, there is a growing need for market participants to have access to the best local technology expertise which can then bring them into a global context. The UAE is a well-connected market and it has an obvious beneficial geographical location considering our goals,” Michael Ourabah, CEO of BSO, explained.

Commenting on the opening of the new office of BSO, the CEO of the DGCX, Les Male, outlined: “The addition of BSO’s local expertise, on top of its highly resilient connectivity service, is a sign of the increasing maturity of the Middle East as a prominent global financial center. The introduction of BSO and their determination to improve connectivity in all corners of the GCC will serve to benefit us as well as our clients and the wider financial sector.”