NSE International Exchange (NSE IFSC) Ltd, a wholly-owned subsidiary of the National Stock Exchange of India Ltd (NSE) has appointed BSO, a global pioneering infrastructure and connectivity provider as its 1st official international approved connectivity partner i.e. International Network Carrier (INC).
- Objective: To meet increased market demand and support trading firms with secure, low-latency access to the rapidly emerging markets.
Key Points:
i.Connecting Global Partners: The partnership will enable the Asian, European and American trading firms to access the Indian market via BSO’s global network.
ii.It will also enable the international trading members to use the connectivity to provide trading access to their clients through the Segregated Nominee Account Provider (SNAP) framework.
iii.BSO became the only non-domestic official service provider to deliver connectivity low-latency connectivity between Gujarat International Finance Tec-City (GIFT-City) and other financial centres around the world.
iv.The trading activity of India has grown with 8.85 billion contracts traded in 2020.
Recent Related News:
NSE Academy Limited (NAL), a wholly-owned subsidiary of the NSE signed a Memorandum of Understanding (MoU) with GIFT Special Economic Zone (SEZ) Limited, a wholly-owned subsidiary of GIFT city to mentor financial services professionals in GIFT City.
About NSE International Exchange (NSE IFSC) Ltd:
The NSE IFSC, which is situated in GIFT-City was launched as a global trading platform to offering easy access for foreign investors to make all transactions in US dollars.
Establishment – 2016
Headquarters – Gandhinagar, Gujarat
About BSO:
Establishment – 2004
CEO & Co-Founder – Michael Ourabah
Headquarter – Ireland
