20% OF LARGE FINANCIAL INSTITUTIONS ARE GETTING READY TO TRADE CRYPTOCURRENCIES IN 2018
Our CCO, Fraser Bell, is featured in Coinspeaker commenting on the growing competition crypto is bringing to the finance industry.
Coinspeaker 25/04/2018: Hedge fund and asset managers across the globe are getting more serious about cryptocurrencies with a big institutional money likely to flow in.
Although Bitcoin has always experienced the wrath of central banking institutions in the past many years, the cryptocurrency has successfully managed to sway the attention of global investors and now, it has been caught within the radar of big financial institutions.
Industry report shows that one in five financial institutions are now planning to start buying cryptocurrencies within the next 12 months, according to the latest survey by Thomson Reuters.
While commenting on this matter, Fraser Bell, our Chief Commercial Officer said:
“The more participants the greater the competition, which puts a greater emphasis on quickly evaluating vast quantities of crypto pricing data. This is where electronic trading firms can steal a march, by using their more sophisticated analysis to trade on information quicker than the rest of the market.”
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The company was founded in 2004 and serves the world’s largest financial institutions. BSO is a global pioneering infrastructure and connectivity provider, helping over 600 data-intensive businesses across diverse markets, including financial services, technology, energy, e-commerce, media and others. BSO owns and provides mission-critical infrastructure, including network connectivity, cloud solutions, managed services and hosting, that are specific and dedicated to each customer served.
The company’s network comprises 240+ PoPs across 33 markets, 40+ cloud on-ramps, is integrated with all major public cloud providers and connects to 75+ on-net internet exchanges and 30+ stock exchanges. The team of experts works closely with customers in order to create solutions that meet the detailed and specific needs of their business, providing the latency, resilience and security they need regardless of location.
BSO is headquartered in Ireland, and has 11 offices across the globe, including London, New York, Paris, Dubai, Hong Kong and Singapore. Access our website and find out more information: www.bso.co
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