Dublin Tuesday 10^th August, 2021 – BSO, a global pioneering infrastructure and connectivity provider, has been confirmed as one of the first official international approved connectivity partners for the NSE International Exchange (NSE IFSC). The partnership will provide Asian, European and American trading firms with added infrastructure solutions helping future traders gain faster, more secure access to the Indian market via BSO’s global network.

Situated in Gujarat International Finance Tec-City (GIFT-City), the NSE IFSC was launched as a global trading platform, offering easy access for foreign investors, multiple products, lower trading costs, longer trading hours and all transactions traded and settled in US dollars. Despite being relatively new to the international market, the NSE IFSC has rapidly become a new centre for trading in Nifty Futures & Options, INR USD and other derivatives product in Asia for American and European trading firms looking for derivatives exposure linked to Indian market. As such, it’s seeking to sign-up global connectivity partners to facilitate international trading firms, of which BSO is the first.

This announcement comes in light of increased demand from trading firms for connectivity into India and in particular, GIFT City. India has seen a significant growth in its trading activity with 8.85 billion contracts traded in 2020. As the only non-domestic official service provider to deliver connectivity into NSEIFSC at GIFT-City, BSO is perfectly positioned to meet increased market demand and support trading firms with secure, low-latency access to the rapidly emerging markets.

Mr. Ravi Varanasi, Chief Business Development Officer and Group President NSE Commented: “We are delighted to announce BSO as one of our first International Network Carrier (INC). BSO’s global presence across diverse markets along with their low-latency and highly resilient connectivity service will not only provides access to NSE IFSC for market participants across globe, but it will also encourage international trading members to use this connectivity to provide trading access to their clients through the innovative Segregated Nominee Account Provider (SNAP) framework.

Michael Ourabah, CEO of BSO commented: ‘The NSE IFSC is fast becoming a leading global exchange, with competitive tax structures, trading hours and increasingly impressive derivatives volume. BSO will ensure firms trading via this platform will receive the most secure, reliable, low-latency connectivity between GIFT-City and other financial centres around the world. At BSO, we pride ourselves on our uniquely engineered international network, and our connectivity partnership with the NSE IFSC marks our pledge to connect emerging markets, such as GIFT City, with established markets around the world.”

About BSO

Founded in 2004 and with a heritage serving the world’s largest financial institutions, BSO is a global pioneering infrastructure and connectivity provider, serving more than 600 data-intensive businesses across diverse markets such as financial services, technology, energy, ecommerce, media and more. The company owns and provides mission-critical infrastructure, including network connectivity, cloud solutions, managed services and hosting, that are specific and dedicated to each customer served.

BSO’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. Its team of experts work closely with customers 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 but has 11 offices around the world including: London, New York, Paris, Dubai, Hong Kong and Singapore.

Find out more: www.bso.co

About NSE IFSC

NSE IFSC is a wholly owned subsidiary of NSE. The trading at NSE IFSC Limited was launched on June 5, 2017, post receiving grant of recognition from SEBI. NSE IFSC has already launched trading in Indian and global stock derivatives, index derivatives, currency derivatives, depository receipts and non-agriculture commodity derivatives. SEBI & IFSC Authority has also permitted trading in wide range of products including equity shares of companies incorporated outside of India, debt securities of eligible issuers, interest rate derivatives and all categories of exchange traded products that are available stock exchanges in FATF/IOSCO compliant jurisdictions. In addition, the regulator has allowed FPIs to trade in commodity derivatives in GIFT IFSC.

NSE IFSC is the only Exchange in Gift City to receive Part 30 exemption Order from the Commodity Futures Trading Commission(“CFTC”) under CFTC Regulation 30.10, effective from November 24,2020

For more information, please visit: www.nseifsc.com