BSO of London has signed a partnership with the Tel Aviv Stock Exchange which will provide a direct trading connection between London and Israel.
3.5% GDP growth
There will now exist a stronger connection between the Israeli market and traders from the rest of the world. The latter will now be able to trade Israeli stocks more easily. According to the press release, this will be attractive to many because of Israel’s booming economy, growth which is especially visible in the field of technology.
BSO is an Ethernet network and cloud host that provides connections to trading venues. It has 103 data centres, and its services are used in 23 different countries. It is used by many financial institutions for their trading needs.
The Tel Aviv Stock exchange lists more than 450 companies with a total market capitalisation of $205 billion. In May, its fintech hub (The Floor) launched a platform for trading securities using blockchain technology, and more recently, it was approved by the Israel Securities Authority to process speculative investments.
BSO provides trading routes which are low latency, which means that information travels faster. This is significant because milliseconds count for people that are making trading decisions, and even more for those relying on computerised to make their decisions.
In August 2016 the company built new trading routes connecting Chicago with Moscow, Dubai, and Mumbai, and in September 2016 it opened a new service called Mumbai Connect which improved the connections of traders in that city.
Continuous and stable access to the most prosperous markets
Ittai Ben-Zeev, CEO at the Tel-Aviv Stock Exchange said: “As part of TASE’s strategic plan to encourage international investors to trade on TASE, to expand trading volumes and improve liquidity, we are proud to cooperate with BSO. The new connection enables an easy and efficient direct access to TASE”.
Fraser Bell, Chief Commercial Officer at BSO, added: “Being at the heart of connecting the trading community to new and high-growth regions such as Israel is core to BSO’s service-led approach. Our agreement with the Tel Aviv Exchange reinforces our continued commitment to providing the electronic trading community with continuous and stable access to the most prosperous markets.”