BSO, the global Ethernet network, cloud and hosting provider, launched its new ‘BSO-FX Ultra Low’ product which upgrades the existing London – Tokyo – New York FX circuit to provide new, ultra low latency speeds to the FX community, according to a company statement.
The new offering further validates BSO’s knowledge of delivering specialist intra-region connectivity to the international financial community. The company boasts outstanding network latency rates to/from North American and European markets as well as an extensive knowledge of connectivity in Asia and the Middle East.
The new product has lowered the latency from TY3 (Tokyo) to NY4 (New York) to 136ms from 148ms, while the transatlantic latency from London to NYC has been reduced to 63.3ms – making it an especially important circuit to banks and financial institutions.
In October last year, the company announced the launch of the most direct network path between three key financial data centres in Tokyo – KVH Tokyo DC1, Tokyo TY3 and @Tokyo.
Did COVID-19 Save the Forex Industry?Go to article >>
While New York, Tokyo and London often stand out as the leading global financial centres, with more than half of the worldwide currency trading occuring through the three capitals, the latency decrease, even in milliseconds, should speed up the execution and give FX traders the edge to maximize the number of trades processed on the ultra low latency network.
Commenting on the news, Michael Ourabah, CEO at BSO, said: “Network latencies are all about time and money in the international FX community. We understand that a single millisecond can have a powerful impact for our customers and give them the competitive advantage they need,”
“We are always pushing the limits of our network infrastructure, which has resulted in ultra low latency connectivity on one of the busiest FX circuits in the world,” he added.
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 Japan markets during 2015. Last summer, BSO officially opened a regional headquarters in New York to to further support its growing US client base.