Lucera Financial Infrastructures LLC has selected BSO to provide clients with low-latency connectivity to execute derivative trades between Chicago, New York, London and Tokyo.
The deal enables Lucera to deliver continuous network uptime between the four financial districts, as well as seamless access to its on-demand Software Defined Network (SDN).
BSO’s Chicago-New York-London-Tokyo connectivity route provides ultra-low latency speeds to the FX community. More than half of the worldwide forex trading occurs through those hubs, making it especially important to Lucera’s clients, which include investment banks, electronic market makers and hedge funds.
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BSO’s global low-latency network was the primary driver behind the partnership deal, as it enables Lucera’s clients to access its services regardless of where they are situated. This is particularly important to high speed and algorithmic trading clients, who have a single point of access to international trading opportunities.
Lucera’s adoption of the Chicago-New York-London-Tokyo route further validates BSO’s offering of delivering specialist intra-region connectivity across its eight data centres to the international financial community. The direct connectivity allows traders and professional service specialists to gain a competitive advantage, quickly sending and receiving large volumes of data without the need to have a presence at the exchange. The offering also enables investors to take advantage of the arbitrage opportunities between different markets.
Commenting on the partnership, Peter Durkan, CEO of Lucera, said: “Getting circuits up and running more quickly provides our clients with access to liquidity much faster than would normally be possible. It was so important that our chosen provider not only had a strong U.S network footprint, but also a reputation for delivering high quality managed services support across the region. BSO’s ability to get network circuits in place promptly was key to our decision, as this has translated into improved trading performance for our FX clients.”
Fraser Bell, Chief Revenue Officer at BSO, added: “With FX volumes picking up last month, speed of information and execution becomes even more important to traders competing for access to new pools of liquidity. Thanks to our widely adopted FX triangle, Lucera’s clients can quickly and cost-effectively connect to the major currency hubs. With their unrivalled Global SDN allowing rapid provisioning of connectivity to traders, Lucera is the ideal partner for BSO.”