BSO expands Asia presence in Hong Kong and Singapore
Global network provider BSO opened its new Hong Kong and Singapore offices to facilitate continued demand from the global electronic trading community to tap into the thriving Asian markets.
With a team on the ground in Hong Kong, headed up by former Telstra and BT Radianz executive Matthew Lempriere, BSO will be able to support and connect businesses in the region more effectively.
To support the expansion into the region, Lempriere will be joined by sales director Tom Fulford-Brown, who is relocating to the Singapore office from London. The on-the-ground local presence enhances BSO’s capabilities to directly connect trading forms from Europe, the US and APAC into markets as soon as new liquidity opportunities emerge.
“Despite volatility returning recently from the Italian political crisis, the long-term trend still points towards market makers looking beyond Europe. With volumes on the rise and Chinese-A shares now live on the MSCI Index, there is certainly no shortage of trading opportunities,” said Matthew Lempriere, BSO’s new head of Asia-Pacific.
“But until now, certain firms haven’t had the global footprint or bandwidth to trade in and out of hot spots like Hong Kong and Singapore. The enhancement of BSO’s local expertise, on top of its highly resilient and agile connectivity service, will enable both international and local based firms to execute trades in and out of the region.”
Not only will this give BSO’s clients across the region a more direct service, but the decision comes at a time when European and US market makers are turning to Asia to trade the lucrative cryptocurrency markets, in addition to the traditional equity, currency and commodity asset classes. BSO also has a growing number of clients across other Asian markets including India, China and Taiwan and has been looking to establish a Hong Kong and Singapore base for its activity closer to these key markets.
Michael Ourabah, CEO of BSO who is based out of Dubai to support the initiative, added: “With Brexit continuing to fuel uncertainty surrounding the UK’s future access to the Single Market, regions like Hong Kong and Singapore could well take advantage. As more exchanges in the region widen the scope of their offerings, market makers will need to have access to the best local technology expertise which can then open up new revenue streams.”
In May, BSO announced significant reinvestment into its business in order to meet its goal of delivering improved services to its global customers and further expansion of its global network footprint.