BSE plans to increase trade by 10-times faster
29/09/2014 08:02
India's leading stock exchange BSE is now planning a slot among the world's most technologically advanced exchanges and is targeting ten-times faster trades on its platform within three years, said the PTI report. Commenting on the development, BSE, CEO, Ashish Chauhan said, the exchange has made significant changes in its technology and has attained a response time of 200 micro- seconds for trades executed on its platform. The aim is to bring the response time further down to 20 micro-seconds within the next three years. "Today 200 micro-seconds of response time puts us in top 5-10 per cent of the exchanges of the world in terms of the ability to give the response time. It is not only about the speed but also about scalability that is the ability to take order. We have also implemented a framework that ensures that this is lowest cost, but highest in terms of technology. We have used open source software. We have utilised the technology prowess of India to ensure that we are able to get more from the same hardware,” he said. "We also implemented in April 2014 the new technology we had acquired from Deutsche Boerse and in 5-6 months that it has been in practice our number of orders per day has gone up already three times. Earlier it was 12-15 crore orders on best of the days, and today we are recording 40-45 crore orders a day on a regular basis," he added.
29/09/2014 08:02
India's leading stock exchange BSE is now planning a slot among the world's most technologically advanced exchanges and is targeting ten-times faster trades on its platform within three years, said the PTI report. Commenting on the development, BSE, CEO, Ashish Chauhan said, the exchange has made significant changes in its technology and has attained a response time of 200 micro- seconds for trades executed on its platform. The aim is to bring the response time further down to 20 micro-seconds within the next three years. "Today 200 micro-seconds of response time puts us in top 5-10 per cent of the exchanges of the world in terms of the ability to give the response time. It is not only about the speed but also about scalability that is the ability to take order. We have also implemented a framework that ensures that this is lowest cost, but highest in terms of technology. We have used open source software. We have utilised the technology prowess of India to ensure that we are able to get more from the same hardware,” he said. "We also implemented in April 2014 the new technology we had acquired from Deutsche Boerse and in 5-6 months that it has been in practice our number of orders per day has gone up already three times. Earlier it was 12-15 crore orders on best of the days, and today we are recording 40-45 crore orders a day on a regular basis," he added.
