BSO, a global ethernet network, cloud and hosting provider, has launched Mumbai Connect, an ultra low latency service that offers ultra-fast, flexible connectivity in and out of India to major global markets.
Today’s announcement follows the launch of three new premium ultra low-latency trading routes between Chicago and global financial hubs last month.
Mumbai Connect addresses the growing demand from high frequency traders (HFTs) in India where high-frequency and algorithmic transactions have grown substantially to around 40 percent of total volumes over the past five years, according to consulting firm, Aite Group.
The service, an alternative to regional operators, is backed by BSO’s client-led support and led by a team that understands the unique intricacies of the Mumbai market.
Mumbai Connect enables clients in India’s top financial data centre, Bandra Kurla Complex (BKC), with ultra low latency routes through major financial hubs that include:
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BKC, Mumbai <> Equinix LD4, London – 109 ms RTD
BKC, Mumbai <> DGCX, Dubai – 28.4 ms RTD
BKC, Mumbai <> Aurora DC3 (access CME), Chicago – 176.95 ms RTD
BKC, Mumbai <> SGX, Singapore – 54.6 ms RTD
Beyond the company’s presence in BKC, BSO’s network also connects the Multi Commodity Exchange of India (MCX) and the Bombay Metal Exchange (BME) in Mumbai. Over 20 Indian brokerages and proprietary trading firms have migrated to BSO’s network services in the last 24 months.
Mumbai Connect is part of BSO’s ongoing effort to further expand the company’s world-class services into emerging markets across Europe, the Middle East and Asia.
Michael Ourabah, CEO at BSO commented, “India has the highest proportion of high-frequency and algorithmic transactions in the developing world, and BSO is filling the need for a network provider with the local knowledge and superior infrastructure to help companies maximise their trading opportunities. Our approach is one of the many ways we are redefining connectivity in the telecoms industry.”