BSO Advances Global Connectivity into and out of Dubai
High frequency traders and algorithmic traders in MENA will benefit immensely from the new latencies.
Aziz Abdel-Qader
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Execution
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Institutional FX )
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2016-11-17T17:27:19+00:00
2016-11-17T20:56:43+00:00
BSO, the global Ethernet network, cloud and hosting provider, has upgraded its existing to/from Dubai circuits to provide new and ultra low latency speeds to the major financial centres in Asia and Europe, according to a company statement.
The new advancement further validates BSO’s offering of delivering specialist intra-region connectivity to the international financial community. The company boasts outstanding network latency rates in and out of North American and European markets as well as an extensive knowledge of connectivity in Asia and the Middle East.
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The new development has lowered the latency between London <> Dubai to 93ms, while the transatlantic latency between Frankfurt <> Dubai has been reduced to 92ms – making it an especially important circuit to banks and financial institutions transacting with European markets. In addition, latency from and to Asian hubs including Mumbai and Singapore was taken down to 27ms and 74ms respectively.
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The decrease in milliseconds will result in even lower latency and faster execution, empowering BSO’s customers to maximize the number of trades processed on the ultra low latency network.
Dubai’s strategic location linking Western and Eastern trading markets together has seen the exchange rise in prominence across the financial community. This position is further enhanced by BSO’s partnership with DGCX , the operator of the Middle East’s leading derivatives exchange, and its commitment to deliver enhanced HFT solutions.
Commenting on the news, Michael Ourabah, CEO of BSO, said: “High Frequency Traders and algorithmic traders will benefit immensely from our new latencies. Dubai and DGCX are extremely popular marketplaces for the international financial community and we are constantly refining our network to ensure our customers are always one step ahead of competitors.”
Headquartered in London, key marketplaces of BSO include London, New York, Chicago, Russia and Europe, Dubai and the Middle East, and many of APAC’s key exchanges – Singapore, Tokyo, Shanghai, Hong Kong, Mumbai and Sydney. However, the company has placed a strong emphasis recently on expanding its presence in the US and Japanese markets during 2015. Last summer, BSO officially opened a regional headquarters in New York to further support its growing US client base.
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