Connectivity Provider BSO Links with Tel Aviv Stock Exchange

BSO of London has signed a partnership with the Tel Aviv Stock Exchange which will provide a direct trading connection between London and Israel.

3.5% GDP growth

There will now exist a stronger connection between the Israeli market and traders from the rest of the world. The latter will now be able to trade Israeli stocks more easily. According to the press release, this will be attractive to many because of Israel's booming economy, growth which is especially visible in the field of technology.

BSO is an Ethernet network and cloud host that provides connections to trading venues. It has 103 data centres, and its services are used in 23 different countries. It is used by many financial institutions for their trading needs.

The Tel Aviv Stock exchange lists more than 450 companies with a total market capitalisation of $205 billion. In May, its fintech hub (The Floor) launched a platform for trading securities using Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term technology, and more recently, it was approved by the Israel Securities Authority to process speculative investments.

BSO provides trading routes which are low latency, which means that information travels faster. This is significant because milliseconds count for people that are making trading decisions, and even more for those relying on computerised to make their decisions.

In August 2016 the company built new trading routes connecting Chicago with Moscow, Dubai, and Mumbai, and in September 2016 it opened a new service called Mumbai Connect which improved the connections of traders in that city.

In October 2016 BSO opened data centres in Los Angeles and Virginia, and in June opened up in Singapore and Hong Kong too. In March 2018 opened an office in Dubai.

Continuous and stable access to the most prosperous markets

Ittai Ben-Zeev, CEO at the Tel-Aviv Stock Exchange said: “As part of TASE’s strategic plan to encourage international investors to trade on TASE, to expand trading volumes and improve Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term, we are proud to cooperate with BSO. The new connection enables an easy and efficient direct access to TASE".

Fraser Bell, Chief Commercial Officer at BSO, added: “Being at the heart of connecting the trading community to new and high-growth regions such as Israel is core to BSO’s service-led approach. Our agreement with the Tel Aviv Exchange reinforces our continued commitment to providing the electronic trading community with continuous and stable access to the most prosperous markets.”