Deutsche Börse, Eurex and the Bombay Stock Exchange (BSE) have extended their strategic cooperation to offer connectivity services to market participants overseas.
As of Q2 2015, BSE participants will be able to use Deutsche Börse’s N7 network to connect back-ends in India to access points in Hong Kong and Singapore.
It will allow exchange participants to connect their trade execution systems to BSE’s equities, derivatives and currency markets offerings, improving connectivity for those BSE customers offering in the two jurisdictions.
Ashishkumar Chauhan, managing director and CEO of BSE, said: “We are pleased that Deutsche Börse is offering its N7 low latency network to our members and investors. This service will enhance infrastructure services available to BSE members and investors.”
“The use of N7 will bring Indian markets closer to larger customers abroad and attract more capital for Indian capital markets.”
Holger Wohlenberg, managing director of market data and services for Deutsche Börse, commented: “We are delighted to provide access for customers of our partner BSE as a further client of our global low latency network services.”
He added: “This is a further proof of the attractiveness of our fully resilient and low latency network services.”
Tom Bendixen, member of the board at BSE and senior vice president of Eurex, also commented, saying: “Through this further cooperation initiative, market participants based in Hong Kong and Singapore can rely on the same stable and high-performance network infrastructure we have established for our market participants trading at Eurex Exchange.”
