BSO Launches Mumbai Connect to Cater to High Frequency Traders in India

BSO, a global ethernet 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, has launched Mumbai Connect, an ultra low latency service that offers ultra-fast, flexible connectivity in and out of India to major global markets.

Today’s announcement follows the launch of three new premium ultra low-latency trading routes between Chicago and global financial hubs last month.

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HFTs

Mumbai Connect addresses the growing demand from high frequency traders (HFTs) in India where high-frequency and algorithmic transactions have grown substantially to around 40 percent of total volumes over the past five years, according to consulting firm, Aite Group.

The service, an alternative to regional operators, is backed by BSO’s client-led support and led by a team that understands the unique intricacies of the Mumbai market.

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

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. Over 20 Indian brokerages and proprietary trading firms have migrated to BSO’s network services in the last 24 months.

Expansion Plans

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.

Michael Ourabah, CEO at BSO commented, “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. Our approach is one of the many ways we are redefining connectivity in the telecoms industry.”