6 Jun 2017

WE’VE EXPANDED OUR FX TRADING CIRCUIT ACROSS ASIA AS DERIVATIVES TRADERS NEED FOR SPEED HOTS UP

We’ve added Singapore and Hong Kong to our FX circuit as demand for fast and reliable access to trade currency derivatives in emerging markets intensifies.

The new routes, built on top of our proven London-New York-Tokyo circuit, mean market makers can now trade currency derivatives up to 10 milliseconds faster than previously available speeds.

The enhanced circuit includes improved latency and more diverse paths between London and Singapore, as well as a new trans-pacific route for firms looking to trade between New York and Hong Kong.

Our renowned London-Tokyo link offers the lowest latency available on the market.

Emerging regions have witnessed a boom in OTC FX derivatives trading – with turnover rising more than 40% since 2010 according to the Bank of International Settlement (BIS).

Singapore and Hong Kong have seen particularly strong trading activity in FX interest rates, with both regions accounting for half of the growth in OTC trading across emerging markets, which totals 33%.

Commenting on the extended circuit, Emmanuel Pellé, Chief Operations Officer (COO) of BSO said:

 “With a growing appetite to trade emerging market currencies internationally, traders will need a reliable low-latency network to seamlessly reach new destinations. The inclusion of Singapore and Hong Kong provides derivative hungry market makers with unrivalled access to one of the most popular FX circuits in the world.”

The new routes are available from this month and establish BSO as the leading provider of FX low-latency connectivity to heads of trading and market infrastructure chiefs for banks, derivatives brokers and electronic market makers.

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ABOUT BSO

The company was founded in 2004 and serves the world’s largest financial institutions. BSO is a global pioneering infrastructure and connectivity provider, helping over 600 data-intensive businesses across diverse markets, including financial services, technology, energy, e-commerce, media and others. BSO owns and provides mission-critical infrastructure, including network connectivity, cloud solutions, managed services and hosting, that are specific and dedicated to each customer served.

The company’s network comprises 240+ PoPs across 33 markets, 50+ cloud on-ramps, is integrated with all major public cloud providers and connects to 75+ on-net internet exchanges and 30+ stock exchanges. The team of experts works closely with customers in order to create solutions that meet the detailed and specific needs of their business, providing the latency, resilience and security they need regardless of location.

BSO is headquartered in Ireland, and has 11 offices across the globe, including London, New York, Paris, Dubai, Hong Kong and Singapore. Access our website and find out more information: www.bso.co