The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Lucera Partners BSO to Extend Global FX Trading Reach

Market infrastructure provider Lucera has expanded its global FX trading reach with Chicago to New York to London to Tokyo connectivity provided by low-latency network specialist BSO.

The agreement between Lucera and BSO combines the former’s on-demand Software Defined Network (SDN) with the latter’s ultra low-latency circuit, enabling electronic traders to seek new sources of FX trading flow and access major currency regions faster. With average daily currency volumes reaching a 10-month high in September (Source: NEX Group), the additional low-latency access provides Lucera’s clients, which include major investment banks, electronic market makers and hedge funds, with a good chance of tapping into available liquidity.

Peter Durkan, CEO at Lucera, says the company chose to work with BSO because it has not only a strong US network footprint, but also a reputation for delivering high quality managed services support. BSO’s ability to get network circuits in place promptly was also key to the decision as it translates into improved trading performance for FX clients.

Fraser Bell, chief revenue officer at BSO, explains that the combination of BSO’s FX triangle and Lucera’s global SDN will allow rapid provisioning of connectivity to traders and quick and cost-effective connection to major currency hubs.

Lucera’s adoption of the Chicago to New York to London to Tokyo route endorses BSO’s position as an FX connectivity provider across established markets and emerging markets, where earlier this year it expanded its FX trading circuit across Asia.

Related content

WEBINAR

Recorded Webinar: Approaches to migrating market data to the cloud to drive agility in trading operations

Market data in the cloud is an attractive proposition in terms of reducing the cost of on premise servers and storage, and moving into a more agile and flexible data delivery environment. It is also well suited to working from home, the fall-back of many financial institutions during lockdowns caused by the coronavirus pandemic. But...

BLOG

Navigating the Post-Brexit Trading Landscape

By Mike O’Hara, A-Team Special Correspondent. It’s now almost four months since the UK exited the EU, and from a trading and market infrastructure perspective, a clearer picture of the post-Brexit landscape is starting to emerge, although there are still many uncertainties that lie ahead. How have market participants, venue operators and their supporting ecosystem...

EVENT

Data Management Summit London

The Data Management Summit Virtual explores how financial institutions are shifting from defensive to offensive data management strategies, to improve operational efficiency and revenue enhancing opportunities. We’ll be putting the business lens on data and deep diving into the data management capabilities needed to deliver on business outcomes.

GUIDE

FRTB Special Report

FRTB is one of the most sweeping and transformative pieces of regulation to hit the financial markets in the last two decades. With the deadline confirmed as January 2022, this Special Report provides a detailed insight into exactly what the data requirements are for FRTB in its latest (and final) incarnation, and explores what needs to be done in order to meet these needs on a cost-effective and company-wide basis.