Markets infrastructure provider BSO has been approved as the first official international connectivity partners to the International Exchange at the National Stock Exchange of India (NSE IFSC).
BSO said the arrangement will provide trading firms in Europe, Asia and the US with fast and secure access to the Indian market through its global network.
NSE IFSC, launched as a global platform for foreign investors with transactions traded and settled in US dollars, has become a hub for trading Nifty futures and options and other derivatives products for US and European firms looking for derivatives exposure linked to the Indian market.
“BSO’s global presence across diverse markets along with their low-latency and highly resilient connectivity service will not only provides access to NSE IFSC for market participants across globe, but it will also encourage international trading members to use this connectivity to provide trading access to their clients through the innovative Segregated Nominee Account Provider framework,” Ravi Varanasi, chief business development officer and group president at NSE, commented.
The partnership is the latest for BSO after it inked a similar agreement with the Börse Frankfurt in June to provide traders with faster access to the market. The routes offer low-latency connectivity to heads of trading and market infrastructure, derivatives brokers and electronic market makers within banks.
Last month, BSO also upgraded its connectivity to markets in China with faster routes between Shanghai and London, and Hong Kong and Tokyo.
“The NSE IFSC is fast becoming a leading global exchange, with competitive tax structures, trading hours and increasingly impressive derivatives volume. BSO will ensure firms trading via this platform will receive the most secure, reliable, low-latency connectivity between GIFT-City and other financial centres around the world,” added Michael Ourabah, CEO of BSO.