BSE expands partnership with Deutsche Boerse

Expanding its strategic partnership with BSE, global giant Deutsche Boerse has decided to allow market participants in Hong Kong and Singapore to use its connectivity networks for connecting to the trading systems of the Indian exchange.

Deutsche Boerse, which holds 4.91% stake in BSE, said the new arrangement will provide access for customers of BSE to its "global low latency network services".

From the second quarter of 2015, participants of BSE will be able to use Deutsche Boerse's N7 network services to connect to BSE back-ends in India through the respective Deutsche Boerse Access Points or data centres in Hong Kong and Singapore.

"This direct service offering by Deutsche Boerse to market participants will allow them to connect their trade-execution systems to BSE's fully regulated offering covering equities, derivatives and currency markets. Currently, the two Access Points are mainly used by Eurex members," the two exchanges said in a joint statement.

The move would help improve the connectivity of BSE's customers operating out of Hong Kong and Singapore.

"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," BSE CEO Ashishkumar Chauhan said.