Network and data center provider BSO Network Solutions has announced that it will be opening a Hong Kong office. With the European economic crisis, the Asian expansion is part of BSO’s move to provide more service to firms seeking to target the region. Current clients of BSO that have recently begun to operate in Asia are Ffastfill, Sucden, and Marex Spectron.
One of the areas where cross country networking has become increasingly important is in regards to co-location. While a broker can easily attain a low latency connection for major currencies, when it comes to sourcing liquidity for minors and global equity index CFDs, it becomes more difficult. Providing an answer have been network firms that are connecting major financial hubs together. As such, firms hosting at major co-location points like London’s Slough data center can also access low latency connections to regional exchanges and banks around the globe. An example was last month’s announcement from the ASX Group that it had enhanced its global connectivity to provide traders at major financial hubs faster access to its exchange. The increased ability of low latency technology has become an important driver over the last few years to reduce trade rejections and slippage.
BSO Network Solutions to open new Hong Kong office
LONDON, UK – BSO Network Solutions, the global provider of network and data centre solutions, is expanding its business operations with the opening of a new office in Hong Kong to support growth in the Asia Pacific region (APAC).
The announcement follows an increase in the number of organisations that are planning to circumvent the economic downturn in Europe by maximising their profits in more lucrative emerging markets abroad. Combined with a period of significant deregulation in both the financial services sector and the Asian labour market, these factors have opened the door for companies in Europe and increased the number of opportunities available to them in the area.
The FX Global Code – Is Self-Regulation the Future of the Industry?Go to article >>
The office, which will officially open on March 1, 2013, will offer sales, marketing and technical support to existing customers based in Hong Kong (including Ffastfill, Sucden, Marex Spectron) and prospects in Hong Kong and across APAC. The news is the latest phase of an extensive investment programme that BSO Network Solutions has undertaken across Asia. In the past 18 months BSO Network Solutions has invested more than £1 million in creating new low latency routes in Hong Kong, Singapore and Japan, with a view to building its presence in the region.
BSO Network Solutions already offers the lowest latency route from London to Hong Kong, with a market leading latency of sub 174ms round trip delay (RTD), and plans to reduce this even further to sub 160ms RTD by the end of the year.
“Increased deregulation in the Asian market has resulted in a significant number of new financial exchanges opening, and we’ve already seen a wealth of opportunities for European businesses as a result,” explained Fraser Bell, International Managing Director of BSO Network Solutions. “This expansion and continued investment in our global business practices ensures that we remain the leader in global network services provision, and demonstrates that we have the capability to meet this increased demand by delivering services to customers based in the Asia Pacific region.
“Additionally, with having highly skilled people in our Hong Kong office we expect our business solutions to add value to Asian companies wanting to operate globally and use our skills, knowledge, technology and expertise to gain the competitive edge required to grow profitable revenues”
The opening of the Hong Kong office marks the beginning of a busy year for BSO Network Solutions. 2013 will see continued investment and growth from the company on a global scale, with further plans for new routes and offices in a number of new markets.