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 utilised the technology prowess of India to ensure that we are able to get more from the same hardware.

“We also implemented in April 2014 the new technology we had acquired from Deutsche Boerse and in 5-6 months that it has been in practice our number of orders per day has gone up already three times. Earlier it was 12-15 crore orders on best of the days, and today we are recording 40-45 crore orders a day on a regular basis.”

BSE has come a long way in the last 6 months, but it still has a long way to go, he added.

“We must strive, like our regulators, to be at the forefront. At the same time, the potential risks are taken care of. We have put in a system to calculate the value at risk for all our investors on a real time basis, Chauhan said.

“There are more than 2.6 crore investors registered on BSE and anytime they trade our computers calculate the portfolio and the value at risk on a one-day basis, that is how much money they can potentially lose, and that is converted into margin call and only if there is enough margin, the investor and the broker would be allowed to do that trade,” he added.

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