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Press Release

NSE International Exchange appoints BSO as its 1st official global connectivity provider

NSE IFSC Limited, NSE’s International Exchange has appointed BSO as its first official international approved connectivity partner. 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 the 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 on the backdrop 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 NSE IFSC 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 said: “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 provide access to NSE IFSC for market participants across the 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.” 

Mr. Michael Ourabah, CEO of BSO, said: “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.”  

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