19 Oct 2017

LUCERA BANKS ON BSO TO BOOST TRADING ACCESS TO LEADING FX HUBS

Leading market infrastructure provider Lucera has selected our Chicago-New York-London-Tokyo connectivity route to expand its global FX trading reach, as trading volumes start to rise.

The agreement combines Lucera’s on-demand Software Defined Network (SDN) with our ultra low-latency circuit, enabling electronic traders to seek out new sources of FX trading flow and access the major currency regions faster. 

With average daily currency volumes reaching a 10-month high in September, the added low-latency access provides Lucera’s clients, which include major investment banks, electronic market makers and hedge funds, with the best possible chance of tapping into available liquidity.

Commenting on the partnership, Peter Durkan, CEO of Lucera, said:

“Getting circuits up and running more quickly provides our clients with access to liquidity much faster than would normally be possible. It was so important that our chosen provider not only had a strong U.S network footprint, but also a reputation for delivering high quality managed services support across the region.

BSO’s ability to get network circuits in place promptly was key to our decision, as this has translated into improved trading performance for our FX clients.”

Fraser Bell, our Chief Revenue Officer, added:

“With FX volumes picking up last month, speed of information and execution becomes even more important to traders competing for access to new pools of liquidity.

Thanks to our widely adopted FX triangle, Lucera’s clients can quickly and cost-effectively connect to the major currency hubs. With their unrivalled Global SDN allowing rapid provisioning of connectivity to traders, Lucera is the ideal partner for BSO.”

Lucera’s adoption of the Chicago-New York-London-Tokyo route reinforces our position as the leading FX connectivity provider across established markets.

Simultaneously, we continue our commitment to being the leading low-latency supplier to emerging markets – following the expansion of our FX trading circuit across Asia earlier this year.

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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