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 micro-seconds for trades executed on its platform, BSE CEO Ashish Chauhan said.

The aim is to bring the response time further down to 20 micro-seconds within the next three years, Chauhan told PTI in an interview.

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 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 he 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.

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