30th July 2015 – London, UK – BSO Network Solutions (BSO), the global Ethernet network, cloud and hosting provider, has partnered with Borsa İstanbul (BIST) and launched a new POP at Borsa İstanbul’s primary data centre. Borsa İstanbul’s strategic location linking Western and Eastern trading markets together has seen the exchange rise in prominence across the financial community. This position is further enhanced by Borsa İstanbul’s accessibility - which brings together all of Turkey’s capital markets in a single location - and its commitment to High-Frequency Trading (HFT) organisations.
The partnership, which increases BSO’s total POP network to over 70 worldwide, is significant for BSO finance and HFT customers looking to co-locate within the exchange or for those searching for a direct route to the region. Connectivity from Frankfurt is possible in just 35 milliseconds (ms), London in 43ms, Moscow in 70ms, New York in 108ms and Chicago in 123ms.
Michael Ourabah, CEO at BSO Network Solutions, said, “This latest addition to our constantly evolving network enables finance companies to maximise the opportunities available from one of the world’s new economic giants. Our POP in Istanbul with TurkNet Iletisim Hizmetleri has long served our enterprise clients and this second strategic location with Borsa İstanbul ensures we can assist the growing number of trading firms looking to diversify their portfolios with a strong competitive differentiator.”
Tuncay Dinç, CEO at Borsa İstanbul, said, “With the goal of being a financial centre and regional hub for investment, Borsa İstanbul highlights its technology and access services. Within this perspective, we have launched our colocation facility where we offer the highest possible access speed to a variety of market participants in our primary data centre, including brokerage firms, HFT/Algo trading firms, network providers and ISVs. BSO’s hub in our data centre will increase our global reach and make it easier for our global investors to access Borsa İstanbul’s markets.”
Borsa İstanbul is rapidly becoming a leading global exchange, not just amongst domestic investors and traders, but also in the broader international market. One of its key objectives is to deliver world-class in-house exchange technology to enable strong links with other markets. The new partnership with BSO supports this mission, and is aligned with BSO’s own objective to become the global leader in low-latency connectivity for the financial industry.
BSO’s new POP lets customers leverage the Borsa İstanbul POP as a new route to other locations across the world, in turn bringing Turkish markets to the forefront of the industry and strengthening Borsa İstanbul’s own proposition. For example, BSO offers the fastest route between Istanbul and the Frankfurt FR2 hub, which hosts the Eurex and Xetra exchanges, at a speed of just 35ms.
About BSO Network Solutions
BSO Network Solutions (BSO) is a global Ethernet network, cloud and hosting provider specialising in low-latency connectivity for the financial trading industry. The company’s global network reaches every continent and spans 19 countries with 70 POPs. BSO provides its customers with the most direct, fastest and most reliable network paths available to ensure stable, secure connectivity to the world’s leading exchanges and marketplaces.
As experts in both emerging and core trading markets, BSO provides connectivity routes between locations including London, New York, Chicago, Russia and Europe, Dubai and the Middle East, and APAC – Tokyo, Shanghai, Hong Kong, Mumbai and Sydney. The company continually strives to innovate and invest in its own services to ensure its solutions evolve in parallel with the finance community.
The BSO team places its customers at the heart of the company’s approach. Every customer receives a dedicated account management team and support from a 24/7 Network Operations Centre (NOC) to guarantee availability and network stability, wherever they are in the world. For more information, please visit http://www.bsonetwork.com. Follow BSO on Twitter and LinkedIn.
Borsa İstanbul, with historical roots going back to 1873, is the sole provider in Turkey of trading, settlement, custody and registry services for a wide range of products such as equities, debt securities, repo, sukuk, warrants, options, futures, certificates, and exchange traded funds (ETFs).
Following the successful completion of horizontal integration (via the acquisition of the derivatives and gold exchanges), and of vertical integration (via control of the two domestic post trade firms), Borsa İstanbul demutualized in 2012.
Through its markets, Borsa İstanbul offers corporates, investors and traders in the region a broad range of financial products suited to their needs, and efficient access to extensive capital markets. Post trade and depository services are offered by its majority-owned subsidiaries of Takasbank (Istanbul Settlement and Custody Bank) and MKK (The Central Securities Depository). Borsa İstanbul calculates 360 indices that measure and benchmark equity and fixed income markets in Turkey.
Borsa İstanbul is a shareholder in the Stock Exchanges of Sarajevo, Baku, Kyrgyz Republic, Montenegro and LCH. Clearnet.
For further information, please visit Borsa İstanbul at http://www.borsaistanbul.com/.
Follow Borsa İstanbul on Facebook and Twitter.
Ashleigh Roberts - Bamboo PR
+44 207 702 6062 |firstname.lastname@example.org