BSO and the Tel-Aviv Stock Exchange (TASE) sign an agreement to facilitate international traders’ access to the booming Israeli markets
Global network provider BSO has announced new direct connectivity between London and the Tel-Aviv Stock Exchange (TASE), enabling international traders and members of the exchange to trade Israeli stocks without the need to invest in long-haul infrastructure.
The agreement builds on BSO’s reputation as the leading low-latency connectivity provider to the emerging markets. The flexibility of BSO to adjust its low-latency connectivity ensures global investors can quickly access the Israeli market.
With annual GDP growth around 3.5% in the last few years, the Israeli economy is currently racing. The growth, especially in the high-tech sector, makes investing in Israeli companies a highly attractive proposition for firms trading the global stock markets.
Ittai Ben-Zeev, CEO at the Tel-Aviv Stock Exchange said: “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, added: “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.”
BSO’s tie up with the Tel-Aviv Exchange meets the growing demand for more reliable and flexible services that suit the needs of market makers looking to ramp up their trading activity. 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.