BSO to Launch Financial Cloud in London, New York and Tokyo Data Centers

BSO, a global ethernet network, cloud, and hosting provider, , today announced the addition of Financial Cloud to its portfolio of services, with the new solution based in key foreign exchange marketplaces including London, New York and Tokyo, according to an official announcement.

The new solution is expected to be designed for the global financial community, providing a low-latency network and cloud offering, based out of the three leading financial hubs which represent the largest FX market centers globally.

Financial Cloud project

BSO already has cloud services within Equinix’s NY9 in New York, and PA3 and PA4 data centers in Paris, and plans to add London LD4, TY3 in Tokyo, and in its NY4 location in New York.

Our highly-anticipated Financial Cloud project exemplifies our commitment to constantly innovating and building flexible services specifically for the financial community.

Focus on FX

The company is setting the stage to develop a dedicated Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term cloud and network service, which will be built upon the BSO’s previously- announced BSO-FX Ultra Low FX circuit which boasts sub 100ms speeds from New York to London, and sub-200ms from New York to Tokyo, and from Tokyo to London.

Commenting in a corporate statement, BSO CEO Michael Ourabah said: “BSO has established itself as the leader in global, low-latency connectivity for the finance and trading community - particularly connecting established markets in North America and Europe to more emerging markets across the Middle East and Asia.”

Mr. Ourabah added: “Our highly-anticipated Financial Cloud project exemplifies our commitment to constantly innovating and building flexible services specifically for the financial community.”

Not deterred from UK by 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

The news comes on the heels of the Brexit vote last week in the UK which apparently has not hindered BSO's decision to seek out London as it remains the largest FX marketplace by volumes, according to data from the latest BIS triennial survey report.

That 2013 BIS report had also brought Singapore into third place over Tokyo by a tiny margin in terms of rankings by FX volumes. This year's highly anticipated BIS report will soon reveal the current rankings and FX market volumes that were surveyed using April 2016 market data across the globe.