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 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 provides a range of ultra-low latency Layer 2 and Layer 3 client solutions in/out of India INX which include:
• Co-located Market Data, Order Entry and Order Execution for India INX Members hosted at IFSC
• Access to International Markets across the globe
• Point to Point Circuits for clients to connect to all major Exchange locations inside and outside of India
• Separate last mile circuits into IFSC
India INX currently supports trading in equity derivatives, currency derivatives, commodity derivatives including Index and Stocks.