BSO, a UK-based infrastructure provider for data-empowered businesses, has established new direct low-latency connectivity between London and the Tel-Aviv Stock Exchange (TASE) to better serve international traders and members of the exchange to deal Israeli equities.
The deal is the latest in a long line of international markets focused agreements BSO has struck, following announcements with Sucden Financial, RJO Brien, and the CME Group.
Economic growth in Israel, around 3.5 percent per annum in recent years, is fostering growing international demand for its equity market, especially in the high-tech sector, for its highly attractive proposition. The increased attention has led to a need for more reliable and flexible network services that suit the needs of market makers. BSO was chosen by the Tel-Aviv Exchange to meets those needs.
Ittai Ben-Zeev, Chief Executive Officer at the Tel-Aviv Stock Exchange, commented:
“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, said:
“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.”