BSE Aims High-Speed Trades, Eyes Most Advanced Bourse Slot

NEW YORK: Having begun with a humble background of functioning under banyan trees, India's leading bourse BSE is now eyeing a slot among the world's most technologically advanced exchanges and is targeting ten-times faster trades on its platform within three years.

Already, the exchange has made significant changes in its technology and has attained a response time of 200 microseconds for trades executed on its platform, BSE CEO Ashish Chauhan said.

The aim is to bring the response time further down to 20 microseconds within the next three years, Chauhan told in an interview here.

Chauhan is here to participate in a number of business meetings planned in the wake of Prime Minister Narendra Modi's five-day visit to the U.S from September 26-30.

"Today 200 microseconds 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, he said.

"Today we are able to handle 500,000 orders in a second at the response time of 200 micro seconds. If you are able to take large orders, your response time should not suffer," he said, while adding that proper safeguards are also in place to guard against any risks attached with high-speed trading.

Chauhan said: "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 utilized the technology prowess of India to ensure that we are able to get more from the same hardware.

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