BSE starts operations from its disaster recovery site

Mumbai, Jan 8 (IANS) The Bombay Stock Exchange (BSE) Thursday commenced live operations from its disaster recovery (DR) site in Hyderabad and deemed the exercise as successful.

According to the BSE, the move is in accordance with the Securities and Exchange Board of India (SEBI) regulations.

BSE said this was the first attempt to initiate trading from its DR site and that all market segments have opened successfully and trading was conducted seamlessly.

“The exchange has been conducting mock trading at the new DR site for the last four weekends,” BSE said in a statement.

The new disaster recovery centre of the BSE is a state-of-the-art data centre built as per the international tier three specifications with a total of 68,000 square feet area.

Earlier, BSE had launched its equity trading platform software “BOLT Plu” with key features of response time of approximately 200 micro seconds.

The stock exchange said its new technology is open source and low cost in nature and can handle five lakh orders per second.

BSE is the world’s largest exchange in terms of number of listed companies, which stands at 5,554 firms.

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