BSE’s India INX to receive direct connectivity from BSO

BSE’s India INX to receive direct connectivity from BSO

BSO becomes first global network provider to offer direct connectivity to India INX

Delivering connectivity services and proximity hosting for international investors and exchange members

Mumbai, September 25th, 2018: 

The India International Exchange Limited (India INX), India’s first and leading international exchange based in the International Financial Services Centre (IFSC) at Gujarat International Finance Tec-City (GIFT City) and BSO, the award-winning Ethernet network, cloud and hosting provider, are pleased to announce that BSO has become the first global network provider to offer direct connectivity to the India INX International Financial Services Centre (IFSC), enabling foreign investors to access the Indian market.

The IFSC is located in the Gujarat International Finance Tec-City (GIFT City) and, with the support of BSO, is aiming to attract the international financial community by providing domestic and offshore traders equal access to the wider global markets. Via the purpose-built trading destination for global traders, participants will benefit from a more level playing field and state-of-the-art connectivity into the country.

BSO has expanded its ‘Mumbai Connect’ service into India INX to enable international investors and Non-Resident Indians to trade India INX from across the globe as well as provide the India INX exchange members with co-location and international connectivity solutions.

Mr. V Balasubramaniam, MD & CEO at India INX commented, “We are very pleased to be extending our working relationship with BSO, a partner who is filling the need here in India for a global network provider with the local knowledge and capability to provide both the lowest latencies and an extremely high level of service for our clients.”

Michael Ourabah, CEO at BSO, said, “BSO has a well-established footprint and business in India and has been working to support India INX’s development since its inception in January 2017.” Adding, “Being at the heart of connecting the global trading community to emerging and high-growth regions such as India is core to BSO’s service-led approach, we recognise that each emerging market we serve has unique needs and we have responded by developing a multi-faceted team that can ease the IT challenges and pain points in the diverse Indian market.”

BSO’s Mumbai Connect provides a range of ultra-low latency Layer 2 and Layer 3 client solutions in/out of India INX which include:

Ø  Co-located Market Data, Order Entry and Order Execution for India INX Members hosted at IFSC

Ø  Access to International Markets across the globe

Ø  Point to Point Circuits for clients to connect to all major Exchange 

locations inside and outside of India

Ø  Separate last mile circuits into IFSC

India INX currently supports trading in equity derivatives, currency derivatives, commodity derivatives including Index and Stocks.

About India INX

India Inx, a wholly-owned subsidiary of BSE Ltd, commenced its trading activities on January 16, 2017 and is India’s first International Exchange set up at GIFT City. It is one of the world’s most advanced technology platforms with a turn-around time of 4 micro seconds and operates for 22 hours a day to allow international investors and Non Residents Indians to trade from anywhere across the globe. 

The exchange provides a common platform for all asset classes - equities, currencies, commodities. The exchange proposes to commence offerings of depository receipts and bonds once the required infrastructure is in place.

India INX offers a diversified portfolio of products and technology services at a cost which is far more competitive to Indian exchanges as well as other global exchanges like those in Hong Kong Singapore, Dubai, London and New York. 

The exchange being located in IFSC, GIFT City, provides competitive advantage in terms of tax structure and supportive regulatory framework. These include benefits in security transaction tax, commodity transaction tax, dividend distribution tax and long-term capital gain tax waivers and no income tax. 

About BSO

The BSO network seamlessly connects 103 data centres in 23 countries across America, Europe, The Middle East and Asia-Pacific regions. We offer tiered latencies options to suit your needs – ultra low-latency for when latency is critical; low-latency when latency is sensitive and standard connectivity.

BSO’s agile business model and growth-mindset allows us to quickly move into new territories as the world evolves, so our on-net clients immediately benefit from opportunities in the most dynamic and attractive markets.

Our core network solutions include:

·         BSO Network – Global Multipoint WAN Ethernet

·         MAN Ethernet (Layer 1 DWDM Services Passive and Active)

·         Layer 1 IEPL (International Ethernet Private Line EoSDH/EoDWDM)

·         Layer 2 (Data Link)

·         Layer 3 (Network) Point-to-Point Connectivity

·         Multiprotocol Label Switching (MPLS)

·         Virtual Private LAN Service (VPLS)

·         Virtual Leased Line (VLL)

·         Wireless/Microwave Connectivity

·         Optical Fibre and Dark Fibre

·         Resiliency via Protected Paths

For further information, please contact:

India INX                                                              Adfactors PR

Rahul Vyas/Yatin Padia                                        Name: Mihir Dani, Priyadarshini Sinha
Ph.: 022 22728472 / 022 22728516                             Ph: 7738012080,9999627610
Email: rahul.vyas@indiainx.com /                             Email: mihir.dani@adfactorspr.com, Priyadarshini.sinha@adfactorspr.com               

yatin.padia@bseindia .com

BSO Media contacts

Melanie Budden

The Realization Group

+44 (0)7974 937 970

melanie.budden@therealizationgroup.com

Share: