Published On: Fri, Feb 5th, 2010

MCX Stock Exchange Opens Data Centre

Honourable Union Minister of State for Corporate Affairs & Minority Affairs Shri Salman Khurshid inaugurated February 5 a state-of-the-art Exchange Datacentre at the Exchange Square of MCX Stock Exchange to support its high density computing environment.

The Exchange Datacenter is powered by ultra high-end infrastructure located in a green, environment-friendly building and designed to aid MCX-SX’s mission of providing a cutting-edge electronic trading platform to its members to handle low latency, robust and fault tolerant trading environment. The robust technology infrastructure enables the Exchange to operate efficiently, facilitate fast order routing, immediate trade execution, trade reporting, market data dissemination, online risk management and market surveillance. The Datacenter is fully secured and is certified for ISO 27001:2005, along with certifications for ISO 9001:2008 for continuous performance improvement and enhancing customer satisfaction and ISO 14001:2004 for environmental management .

The Exchange infrastructure provides flexible connectivity options to its Members like lease line (MPLS VPN and point-to-point), VSAT, ISDN and Internet (secured through two factor authentication). Members can also choose bandwidth capacity ranging from 64 kbps to multiple links of 2 Mbps on lease line to best suit their business needs.

The Datacenter is a ‘Green Datacenter” which uses the concept of virtual servers, optimising the use of resources like power consumption, space and manpower and conforms to the global best practices in setting up green infrastructure which is robust, efficient, cost effective and environment-friendly.

At the inauguration of the Datacentre at MCX-SX, Shri Salman Khurshid said: “The next-generation technology unveiled by MCX Stock Exchange puts India on the global exchange map as the nation with the most tech-savvy exchange platform. Multiple banks and telecom service providers have deepened the reach of their services, multiple stock exchanges will achieve government’s vision of ‘Financial Inclusion’. I complement MCX Stock Exchange for its mission of ‘Financial Literacy for Financial Inclusion’. I am sure it’s trading technology will helpp deepen and widen the financial access across the length and breadth of the country to promote, financial inclusion and equitable growth.”

Commenting on the development, Mr. U. Venkataraman, Executive Director, MCX‐SX, said: “The Exchange Data centre reflects our vision of providing a world-class trading platform to our stakeholders in order to enhance presence through multiple means for expanding the user base with their convenience in mind. The systems and processes of the exchange are designed to accommodate small and large members with same service levels and with global efficiency. It also safeguards market integrity by enhancing transparency in operations and better compliance an efficient blend of technology & services.”

He added: “We are thankful that our regulators allow us to deliver competitive services to our customers. We are committed to promote multi-asset class investment cult, beyond equity trading and achieve true financial inclusion jointly with our banking partners. Our endeavour is to make MCX‐SX the world-class exchange from the East, which will bring in transparency and innovation along with best of the domestic and global governance practices, products and partnership. We believe in systematic development of financial markets through Information, Innovation, Education and Research to grow markets organically.”

About the Author

-

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

IRP Journal

IRP Journal

Sponsor

OPINION POLL

Poll results are published in our Weekly Newsletter -->
subscribe
All Rights Reserved WIld Wild Web Limited