8 Dec 2020

Press Release: BSO Creates Bespoke Ultra Low Latency Cloud Connectivity Service for CryptoStruct GmbH

Using BSO’s global network, CryptoStruct simplifies how professional traders connect to, analyse and trade on cryptocurrency markets.

Dublin, Ireland
8 December 2020

BSO, the leading global telecoms operator powering the digital age, has delivered a unique ultra low latency connectivity service for CryptoStruct. This bespoke cloud-to-cloud service underpins CryptoStruct’s professional market data platform.

Based in Hamburg, CryptoStruct centralises and normalises crypto market data from multiple exchanges. This unrivalled insight enables professional and institutional traders to react to market trends in real-time, conduct historical analysis, and trade faster and safer.

Thomas Schmeling, Chief Executive Officer at CryptoStruct:
“We engaged BSO because of its global reach, reputation for ultra-low latency connectivity, and experience in highly regulated financial markets. These qualities have proven true; however, it is the company’s pace and flexibility that have stood out to us again and again.”

Continued…
“BSO engineered an entirely unique service for our specific requirements. Exchanges often change their cloud hosting without warning, so it is critical that we have a network partner that can react as rapidly as we do. BSO was the only provider capable of matching our pace and specific needs.”

Michael Ourabah, Chief Executive Officer at BSO:
“Innovation runs through our DNA and BSO’s heritage of empowering market makers is once again on show with this exciting partnership. CryptoStruct simplifies how traders access this dynamic asset class with a high-trust, robust solution built on market-leading infrastructure. I am proud of how our team rose to the challenge and delivered a world-first, industry-beating service.”

CryptoStruct’s team have decades of experience in low latency high frequency trading (HFT) and market making. The company is a subsidiary of SSW Holding GmbH and a group member of SSW Trading, one of Europe’s largest HFT firms and market makers.

BSO’s cloud-to-cloud service connects CryptoStruct to exchanges hosted in Dublin, Tokyo and Singapore using its low latency backbone while also providing it with the necessary global reach to onboard new exchanges as soon as they come online.

 

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About CryptoStruct

CryptoStruct is a Hamburg-based start-up, founded in late 2019, but with many years of experience in algorithmic stock exchange trading. It develops software for automated trading of cryptocurrencies and derivatives. Its target groups are professional trading companies, market makers, banks, and investment funds from all over the world.

A significant challenge in this area is the variety of protocols, APIs, and closed systems. CryptoStruct converts them to a normalised format in real-time and provides a unified interface. The market data is offered at various endpoints all over the world to allow the lowest possible latency.

With its product, the user can develop, test, and run their automated trading strategies within a short time. It offers its customers a fully comprehensive solution for trading, analysis, controlling, documentation, and compliance. The user can fully concentrate on the development and monitoring of their trading strategies.

Its system is based on cloud services and can be scaled quickly and cost-effectively. This enables it to react promptly to market changes.

www.cryptostruct.com
contact@cryptostruct.com

ABOUT BSO

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