Ethernet network, cloud and hosting provider BSO Network Solutions today announced its strategic partnership with the Dubai Gold and Commodities Exchange (DGCX).
DGCX customers now have access to BSO Network Solutions’s range of specialist connectivity services, including Market Data Connect, which provides access to valuable market data without a need for a dedicated connection.
During the last two years, DGCX has made significant inroads into the exchange-based FX market in the Middle East, largely due to its very popular Indian rupee futures contract.
Driven by the financial community’s demand for direct, high performance connectivity into key Middle Eastern stock exchanges, this announcement highlights BSO Network Solutions’s dedication to ensuring its customers remain at the forefront of the trading sector.
Michael Ourabah, CEO at BSO Network Solutions, said, “We have been supporting Dubai-based organisations for over six years. This latest development is a natural progression for us, especially as an increasing number of trading firms look to take advantage of an extremely lucrative region.”
“Powered by our network infrastructure, DGCX has further cemented its position as the main growth exchange for the Middle East region. The partnership also acts as a major competitive differentiator for trading firms interested in widening their portfolios” said Mr. Ourabah.
Partnering with BSO Network Solutions has significantly strengthened DGCX’s market proposition and aligns the exchange with a network provider that is constantly optimising its own network routes for the benefit of clients. DGCX also now possesses the capability to significantly increase the trading volumes it can handle, a critical component of maintaining its attractiveness to global financial institutions.
Basab Banerjee, CTO at DGCX, continued, “We recognised the need for a network partner with the capability to provide both the lowest latencies in the market, as well as an extremely high level of service. BSO Network Solutions’s knowledge and expertise of the Middle Eastern region, in particular its understanding of the local telecoms landscape, is extremely valuable for our clients, as are the dedicated account management and network operation teams it supports us with.”
BSO Network Solutions’s network routes to and from Dubai include:
Between Dubai and Frankfurt with 103ms latency
Between Dubai and Mumbai with 28.4ms latency
Between Dubai and London with 112ms latency
Between Dubai and Chicago with 194ms latency
Between Dubai and Singapore with 88.8ms (currently being optimised to 86.5ms)