Deutsche Börse extends cooperation with Bombay exchange
Deutsche Börse, Eurex and the Bombay Stock Exchange have further extended their strategic cooperation offering connectivity services to overseas market participants.
As of Q2 2015, participants of BSE will be able to use Deutsche Börse’s resilient low latency N7 network services to connect to BSE back-ends in India through the Deutsche Börse access points in Hong Kong and Singapore. This direct service will allow market participants to connect their trade-execution systems to BSE’s regulated offering covering equities, derivatives and currency markets.
Currently, the two access points are mainly used by Eurex members. BSE markets have already been operating on T7, Deutsche Börse’s trading architecture, since 2013.
“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,” s aid Ashishkumar Chauhan, chief executive of BSE.