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Screenshot of a breaking news alert e-mail from Q2 2017
Ethernet network, cloud and hosting provider BSO has announced the launch of Mumbai Connect, an ultra low latency service that offers ultra-fast, flexible connectivity in/out of India to major global markets.
Mumbai Connect addresses the growing demand from high frequency traders (HFTs) in India where high-frequency and algorithmic transactions have grown from single digits to about 40% of total volumes over the past five years, according to Aite Group, a Boston-based consulting firm.
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:
- 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 services into emerging markets across Europe, the Middle East and Asia.
Michael Ourabah, CEO at BSO, said:
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 maximize their trading opportunities. At BSO we recognize that each emerging market that we serve has unique needs and we have responded by developing a multi-faceted team that can ease the IT challenges and pain points in the diverse Mumbai market. This approach is one of the many ways we are redefining connectivity in the telecoms industry.”