BSO optimises its Asia route as demand for faster access increases
01 March 2018 | Natalie Bannerman
BSO, the global network provider, has enhanced its low-latency route between Singapore (SGX) and Hong Kong (HKEX) Exchanges.
The news comes as demand for faster trading across Asia increases and will provide international financial institutions looking to trade derivatives in and out of the two exchanges with the lowest latency route available. According to BSO, derivatives trading at HKeX is thriving, with last year’s daily turnover of futures and options at 14%.
“Hong Kong’s economic maturity makes this route an attractive proposition for any trader seeking access to the Asia’s largest liquidity pools. The upgraded route provides traders with ultra-low latency connectivity between two of the most popular exchanges in the world. And with interest in derivatives gathering momentum across Asia, the lowest latency possible is essential for firms to reach the region’s most liquid markets efficiently,” said Fraser Bell, chief revenue officer at BSO.
As a result of the newly optimised route, electronic market makers will be able to boost profitability by trading derivatives on HKeX, faster than ever before.
Strong terrestrial and subsea access points mean that, unlike other Asian trading hubs, Hong Kong is easily accessible to market makers. In addition to the physical route, BSO will provide in-depth local regulatory knowledge to ensure the best possible connectivity at all times.
Speaking on the news, Jonathan Leung, HKEX’s head of hosting services, said: “We welcome BSO’s enhanced service at our data centre, where our market participants have access to an array of information, technology and network service providers within a secure ecosystem environment.”
The route is available from this month onwards and underscores BSO's vision of being the leading provider of low-latency connectivity for the Asian market.
Back in September, BSO did a similar thing by enhancing its London to Tokyo route to meet the needs of currency traders. According to the Bank of International Settlements, in 2017 the Tokyo exchange witnessed FX turnover of $399 billion, so the revamped route with its even lower latency, empowers BSO’s growing FX client base to increase the volume of trades they can execute through the network.
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