BSO partners TASE for direct connectivity to Tel-Aviv
BSO has struck an agreement with the Tel-Aviv Stock Exchange (TASE) to offer direct connectivity to international traders looking to access the growing Israeli market.
Global carrier BSO will offer low latency connectivity between London and Tel-Aviv, meaning international traders and members of the exchange can trade Israeli stocks without investing in their own long-haul infrastructure.
Israel is seeing strong growth in its economy, with annual GDP growth of around 3.5% over the last few years, driven in part by a booming tech sector which is seeing significant investment. A report from Israel-based research firm IVC found, for example, the number of Chinese entities that invested in Israeli high-tech companies has gone up from 18 in 2013 to 34 in 2017.
Ittai Ben-Zeev, CEO at the Tel-Aviv Stock Exchange said: “As part of TASE’s strategic plan to encourage international investors to trade on TASE, to expand trading volumes and improve liquidity, we are proud to cooperate with BSO. The new connection enables an easy and efficient direct access to TASE".
BSO’s tie up with the Tel-Aviv Exchange aims meets the growing demand for more reliable and flexible services that suit the needs of market makers looking to ramp up their trading activity, it said. It follows similar announcements with Sucden Financial, RJO Brien and the CME Group.
BSO’s global network reaches 23 countries with 103 data centre locations including significant trading venues. Key connected cities include Chicago, New York, Frankfurt, London, Dubai, Tokyo, Shanghai, Hong Kong and Singapore.
Fraser Bell, Chief Commercial Officer at BSO, added: “Being at the heart of connecting the trading community to new and high-growth regions such as Israel is core to BSO’s service-led approach. Our agreement with the Tel Aviv Exchange reinforces our continued commitment to providing the electronic trading community with continuous and stable access to the most prosperous markets.”