India's demand for network infrastructure is insatiable in Mumbai and beyond as rapid urbanization continues.
This guest article was written byMichael Ourabah, CEO of BSO.
It is certainly no secret that India has emerged as a force in the global economy during the past 10 years. According to a 2016 report from the Reserve Bank of India, the country has enjoyed a growth rate above seven percent over the past decade, and is currently regarded as one of the fastest growing countries in the world.
In fact, by 2030, India is expected to be the third largest economy on the planet, behind the U.S. and China, and could eventually surpass both countries to take the No. 1 spot, according to a report by UK think tank Centre for Economics Business and Research (CEBR).
This, of course, is true for any emerging market within BRIC (Brasil, Russia, India and China) countries. With improved technological infrastructure comes interest from outside investors and opportunities for innovation. As such, service providers are working to address the growing demand for fast, secure and agile networks that keep pace with impressive growth in the workforce.
What’s more, Indian students are benefiting from a free college education. Once they have completed their studies, they are opting to stay and establish their careers in India. A decade ago, this was not the case. In the past, young, educated Indian citizens would leave for Europe or the U.S. to begin their lives in the workforce. But that has changed as more and more opportunities in the technology sector have surfaced – particularly within financial services.
The globalisation of electronic trading, the burgeoning financial sector and explosion of high-quality connectivity have given rise to very intriguing opportunities in India. Those highly-educated and capable professionals who would previously leave for London or New York City with their degrees in tow are now establishing themselves in India and becoming incredibly successful at home.
All of these varied elements have combined to make Mumbai a stronghold for global high frequency trading (HFT) and hedge funds. Those involved in this industry shift are working to build smart, technologically-advanced trading firms that are now competitive with international heavyweights in Chicago, New York and London. As this new market has rapidly developed, the demand for telecommunications infrastructure has grown in parallel.
Aite Group, a Boston-based consulting firm, states that HFT and algorithmic transactions in India have ballooned from single digits to about 40 percent of total volumes during the past five years.
From a logistics standpoint, Mumbai trading firms require a network provider with local knowledge and presence, along with superior infrastructure, to maximise all trading opportunities and address the growing hunger for bandwidth and fast connectivity. Firms need secure routes that bypass traditional hubs where cyber threats are more substantial. At BSO we have recognised that need and created a comprehensive solution to meet the demands of an emerging market experiencing unprecedented growth.
Just last month, BSO announced ‘Mumbai Connect’, opening new electronic trading opportunities for the market and further solidifying India’s role in the global economy. As previously noted, India has the highest proportion of high-frequency and algorithmic transactions in the developing world, and ‘Mumbai Connect’ not only addresses the need for flexible, ultra low latency routes, but also takes into account the region’s unique cultural intricacies.
Emerging markets such as Mumbai will continue to increase in magnitude. Recent research and projections have proven that India’s significance in the global marketplace shows no signs of slowing down. As this growth occurs, governments, enterprises and financial markets will continue to adjust to keep pace. A key indicator of success in India will be opportunity. With increased connectivity and bandwidth, a stronger workforce and a focus on infrastructure, the right strategy will open new doors within the market.
This guest article was written byMichael Ourabah, CEO of BSO.
It is certainly no secret that India has emerged as a force in the global economy during the past 10 years. According to a 2016 report from the Reserve Bank of India, the country has enjoyed a growth rate above seven percent over the past decade, and is currently regarded as one of the fastest growing countries in the world.
In fact, by 2030, India is expected to be the third largest economy on the planet, behind the U.S. and China, and could eventually surpass both countries to take the No. 1 spot, according to a report by UK think tank Centre for Economics Business and Research (CEBR).
This, of course, is true for any emerging market within BRIC (Brasil, Russia, India and China) countries. With improved technological infrastructure comes interest from outside investors and opportunities for innovation. As such, service providers are working to address the growing demand for fast, secure and agile networks that keep pace with impressive growth in the workforce.
What’s more, Indian students are benefiting from a free college education. Once they have completed their studies, they are opting to stay and establish their careers in India. A decade ago, this was not the case. In the past, young, educated Indian citizens would leave for Europe or the U.S. to begin their lives in the workforce. But that has changed as more and more opportunities in the technology sector have surfaced – particularly within financial services.
The globalisation of electronic trading, the burgeoning financial sector and explosion of high-quality connectivity have given rise to very intriguing opportunities in India. Those highly-educated and capable professionals who would previously leave for London or New York City with their degrees in tow are now establishing themselves in India and becoming incredibly successful at home.
All of these varied elements have combined to make Mumbai a stronghold for global high frequency trading (HFT) and hedge funds. Those involved in this industry shift are working to build smart, technologically-advanced trading firms that are now competitive with international heavyweights in Chicago, New York and London. As this new market has rapidly developed, the demand for telecommunications infrastructure has grown in parallel.
Aite Group, a Boston-based consulting firm, states that HFT and algorithmic transactions in India have ballooned from single digits to about 40 percent of total volumes during the past five years.
From a logistics standpoint, Mumbai trading firms require a network provider with local knowledge and presence, along with superior infrastructure, to maximise all trading opportunities and address the growing hunger for bandwidth and fast connectivity. Firms need secure routes that bypass traditional hubs where cyber threats are more substantial. At BSO we have recognised that need and created a comprehensive solution to meet the demands of an emerging market experiencing unprecedented growth.
Just last month, BSO announced ‘Mumbai Connect’, opening new electronic trading opportunities for the market and further solidifying India’s role in the global economy. As previously noted, India has the highest proportion of high-frequency and algorithmic transactions in the developing world, and ‘Mumbai Connect’ not only addresses the need for flexible, ultra low latency routes, but also takes into account the region’s unique cultural intricacies.
Emerging markets such as Mumbai will continue to increase in magnitude. Recent research and projections have proven that India’s significance in the global marketplace shows no signs of slowing down. As this growth occurs, governments, enterprises and financial markets will continue to adjust to keep pace. A key indicator of success in India will be opportunity. With increased connectivity and bandwidth, a stronger workforce and a focus on infrastructure, the right strategy will open new doors within the market.
Lebowa Capital's Jimmy Moyaha at an FMLS:24 panel discussion
Lebowa Capital's Jimmy Moyaha at an FMLS:24 panel discussion
Lebowa Capital's Jimmy Moyaha at an FMLS:24 panel discussion
Lebowa Capital's Jimmy Moyaha at an FMLS:24 panel discussion
Lebowa Capital's Jimmy Moyaha at an FMLS:24 panel discussion
Lebowa Capital's Jimmy Moyaha at an FMLS:24 panel discussion
Lebowa Capital's Jimmy Moyaha at an FMLS:24 panel discussion explaining the impact of news on trading.
Lebowa Capital's Jimmy Moyaha at an FMLS:24 panel discussion explaining the impact of news on trading.
Lebowa Capital's Jimmy Moyaha at an FMLS:24 panel discussion explaining the impact of news on trading.
Lebowa Capital's Jimmy Moyaha at an FMLS:24 panel discussion explaining the impact of news on trading.
Lebowa Capital's Jimmy Moyaha at an FMLS:24 panel discussion explaining the impact of news on trading.
Lebowa Capital's Jimmy Moyaha at an FMLS:24 panel discussion explaining the impact of news on trading.
Doo Prime's Fraser Nelson is explaining the challenges of liquidity in different markets.
Doo Prime's Fraser Nelson is explaining the challenges of liquidity in different markets.
Doo Prime's Fraser Nelson is explaining the challenges of liquidity in different markets.
Doo Prime's Fraser Nelson is explaining the challenges of liquidity in different markets.
Doo Prime's Fraser Nelson is explaining the challenges of liquidity in different markets.
Doo Prime's Fraser Nelson is explaining the challenges of liquidity in different markets.
Doo Prime's Fraser Nelson is explaining the challenges of liquidity in different markets while participating in a panel discussion on "How to Trade the News."
Doo Prime's Fraser Nelson is explaining the challenges of liquidity in different markets while participating in a panel discussion on "How to Trade the News."
Doo Prime's Fraser Nelson is explaining the challenges of liquidity in different markets while participating in a panel discussion on "How to Trade the News."
Doo Prime's Fraser Nelson is explaining the challenges of liquidity in different markets while participating in a panel discussion on "How to Trade the News."
Doo Prime's Fraser Nelson is explaining the challenges of liquidity in different markets while participating in a panel discussion on "How to Trade the News."
Doo Prime's Fraser Nelson is explaining the challenges of liquidity in different markets while participating in a panel discussion on "How to Trade the News."
FMLS:24 exhibition venue is crowded on the second day.
FMLS:24 exhibition venue is crowded on the second day.
FMLS:24 exhibition venue is crowded on the second day.
FMLS:24 exhibition venue is crowded on the second day.
FMLS:24 exhibition venue is crowded on the second day.
FMLS:24 exhibition venue is crowded on the second day.
Panel Discussion on "Regulation, Trust, and the Future of Trading in Africa"
Panel Discussion on "Regulation, Trust, and the Future of Trading in Africa"
Panel Discussion on "Regulation, Trust, and the Future of Trading in Africa"
Panel Discussion on "Regulation, Trust, and the Future of Trading in Africa"
Panel Discussion on "Regulation, Trust, and the Future of Trading in Africa"
Panel Discussion on "Regulation, Trust, and the Future of Trading in Africa"
Experts discuss the topic "Regulation, Trust, and the Future of Trading in Africa" at FMLS:24
Experts discuss the topic "Regulation, Trust, and the Future of Trading in Africa" at FMLS:24
Experts discuss the topic "Regulation, Trust, and the Future of Trading in Africa" at FMLS:24
Experts discuss the topic "Regulation, Trust, and the Future of Trading in Africa" at FMLS:24
Experts discuss the topic "Regulation, Trust, and the Future of Trading in Africa" at FMLS:24
Experts discuss the topic "Regulation, Trust, and the Future of Trading in Africa" at FMLS:24