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Cisco to deploy networking solution for NSE
By siliconindia
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Wednesday, 31 March 2010, 22:58 IST
New Delhi: Networking solutions provider Cisco will deploy networking facilities at the National Stock Exchange (NSE) of India.
Cisco's solution would comprise 7600 Series Routers, Catalyst 6500 Series Switches with Cisco Firewall and Intrusion Prevention System modules. The system is designed to provide enhanced security, intelligent load balancing for business continuity, better collaboration and integration across 3,000 NSE member locations, Cisco said in a statement.
As part of the deployment, Cisco will provide designing and installation of a three-tier network. With internet protocol (IP) migration, larger bandwidth and higher throughput, the new network will allow NSE to consolidate their technology infrastructure, thereby reducing IT costs and transaction cost for the end-investor.
"As one of the largest stock exchanges in the world today, we wanted to invest in an intelligent and highly secure network architecture that would support the large scale of our financial transactions. With this relationship, we will be able to efficiently support the needs of our investors and accelerate our business growth," said Ravi Apte, Chief Technology Officer, NSE.
"Working jointly with NSE, we created a unique "build, own, operate" model that will help NSE focus on its core competencies and be able to embrace the best practices provided by Cisco," Cisco India Senior Vice-President (West) Anil Bhasin said.